For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 4,503 sqft
Price per Sqft $66
Subdivision Cummings Addn #2
MLS Listing ID 9915702
Sold Date 04/06/21
Originating Board actris
Year Built 1971
Tax Year 2020
Lot Size 10,585 Sqft
Property Description
FULLY OCCUPIED EXPECTED CAP UPON RENEWAL 9.81%, CURRENT CAP 7.63%
Each unit features 2 Beds, 1 Bath! Fresh paint, recessed can lighting, remodeled kitchen with new appliances, remodeled bathrooms & hard flooring throughout
Current tenants are paying $525 per month. Market shows that units could easily rent for $600-$650. Comparable apartments in area are not remodeled and the current owner has never listed the properties as for lease/ only word of mouth (investors gain)! Once priced and marketed appropriately over 7% cap rate expected
Location
State TX
County Coryell
Interior
Heating Central
Cooling Central Air
Flooring Tile
Fireplace N
Exterior
Utilities Available Electricity Connected
Waterfront No
View None
Accessibility None
Total Parking Spaces 7
Building
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick,Masonry – All Sides
New Construction No
Others
Restrictions None
Acceptable Financing Cash, Conventional, 1031 Exchange
Tax Rate 2.618
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Austin Home Seekers
Get More Information