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923 W Dallas Ave 3 Properties Offered at $560,000 in Cooper, TX



Investment Highlights
- Multi-family with a single-family residence and additional .5 acre corner lot for further development
Executive Summary
11-UNIT APARTMENT BUILDING, 1 SINGLE FAMILY HOME AND A 1/2 ACRE VACANT LOT!!! EXCELLENT INCOME OPPORTUNITY WITH ROOM FOR IMPROVEMENT!!! This income producing, well-maintained multi-family property is located in the city of Cooper at the corner of Tenth St and W Dallas Ave (AKA Business 24). There is an 11-unit efficiency suite apartment complex that is 100% occupied with mostly long-term, solid tenants and there is a wait list. There is a coin operated laundromat for tenants use only. There is a .5-acre vacant lot at the corner of W Dallas Ave and Tenth St. adjacent to the apartment building that can be developed with easy access to electric, public water and sewer, natural gas and internet. There is a nice 1,250 sq' single family residence on the property that can be used as a residential rental (currently owner occupied). Seller has an existing survey. Here, you are 16 miles to Commerce, TX, 59 miles to Rockwall, TX and 76 miles northeast of Dallas.
Property Facts
| Price | $560,000 | Status | Active |
| Price / SF | $47.97 / SF | Number of Properties | 3 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 1 |
| Cap Rate | 10.36% | Total Building Size | 11,673 SF |
| Sale Type | Investment | Total Land Area | 1.15 AC |
| Price | $560,000 |
| Price / SF | $47.97 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 10.36% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 1 |
| Total Building Size | 11,673 SF |
| Total Land Area | 1.15 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 923 E of W Dallas Ave, Cooper, TX 75432 | Land | 0.53 AC | - | - |
| 923 W Dallas Ave, Cooper, TX 75432 | Multifamily | 10,223 SF | 1975 | $725,000 |
| 911 W Dallas Ave, Cooper, TX 75432 | Specialty | 1,450 SF | - | - |
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923 W Dallas Ave
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