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901 Broadway Blvd 10 Unit Apartment Building $1,300,000 ($130,000/Unit) 6.36% Cap Rate Kilgore, TX 75662
Investment Highlights
- 10 units fully-leased.
- Covered Tenant Parking.
- Close Proximity to Kilgore College.
- Fully remodeled in 2022.
- Close to Restaurants & Entertainment.
Executive Summary
Prime investment opportunity in the Kilgore – a meticulously crafted 6,268 SF multi-tenant building, boasting 10 units and constructed in 2022. This contemporary property is thoughtfully designed and unique to the Kilgore area. Each unit is 1bd/1ba with tile floors, granite countertops, washer/dryer hook-ups, and stainless steel appliances. This property is in high demand and regularly maintains 100% vacancy.
Property Facts
| Price | $1,300,000 | Building Class | C |
| Price Per Unit | $130,000 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 6,268 SF |
| Cap Rate | 6.36% | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.57 | No. Stories | 1 |
| No. Units | 10 | Year Built/Renovated | 1951/2022 |
| Property Type | Multifamily | Parking Ratio | 3.19/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | Multi-Family - Apartments | ||
| Price | $1,300,000 |
| Price Per Unit | $130,000 |
| Sale Type | Investment |
| Cap Rate | 6.36% |
| Gross Rent Multiplier | 10.57 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 6,268 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1951/2022 |
| Parking Ratio | 3.19/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Multi-Family - Apartments |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Tile Floors
- Kitchen
- Granite Countertops
- Refrigerator
- Stainless Steel Appliances
- Range
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
1 1
Property Taxes
| Parcel Number | 50061 | Improvements Assessment | $781,080 |
| Land Assessment | $17,760 | Total Assessment | $798,840 |
Property Taxes
Parcel Number
50061
Land Assessment
$17,760
Improvements Assessment
$781,080
Total Assessment
$798,840
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901 Broadway Blvd
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