900 Broadway | Plainview, TX 79072
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- LoopNet Team
900 Broadway
Plainview, TX 79072
Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- 16 unit apartment building + lot + small office building
- Stabilized post renovation proforma cash on cash return of 14.64%
- Renovation opportunity
PROPERTY FACTS
| No. Units | 16 | Lot Size | 0.40 AC |
| Property Type | Multifamily | Building Size | 8,400 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1920/2012 |
| Building Class | C | Parking Ratio | 1.19/1,000 SF |
| Zoning | Downtown Commercial Dstrt | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 8,400 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1920/2012 |
| Parking Ratio | 1.19/1,000 SF |
| Zoning | Downtown Commercial Dstrt |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Recycling
- Walk-Up
- Smoke Detector
ABOUT 900 BROADWAY , PLAINVIEW, TX 79072
900 Broadway is a 16 unit apartment building in downtown Plainview, TX. This also includes a small office building and vacant land between the two properties. Currently, only the first floor of the apartment building is occupied. With a $65,000 renovation budget, you should be able to complete the 2nd story and get the office updated so that you'll have an extra 9 units of rental income.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | $375.00 | 250 |
| 1+1 | 8 | $475.00 | 450 |
PROPERTY TAXES
| Parcel Number | 22405 | Improvements Assessment | $255,659 |
| Land Assessment | $13,125 | Total Assessment | $268,784 |
PROPERTY TAXES
Parcel Number
22405
Land Assessment
$13,125
Improvements Assessment
$255,659
Total Assessment
$268,784
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