1310 S Other, Out of City

$704,620

0 Beds
0 Baths
0 Sqft
.43 Acres
0 Garages

10 CAP. 16 Unit Multi-Family. 88 percent occupancy. 2017 Tax Return $70,462 NOI. Proforma $29,603 Net Cash Flow. No rent increase since 2017. Increase rents 5% and lease 2 vacant units to increase Net Cash Flow by 65% to $48,941. At 5 MIN drive time, 31,966 daytime workforce vs. 13,468 residents indicating unmet demand for local housing. % of daytime workforce vs. residents is 65% higher at 5 MIN drive time vs. Temple. Adjoining census tracts to north and east are HUD Qualified Census Tracts confirming unmet local demand for low income housing. On site manager in lieu of rent. 18,900 SF lot

Essential Information
MLS® #77814
Price$704,620
Acres0.43
TypeCommercial Sale
Sub-TypeMulti-Family
StatusActive
Community Information
Address1310 S Other
SubdivisionOther
CityOut of City
CountyOther
StateTX
Zip Code76504
Amenities
UtilitiesCity Electric
ParkingOn-Street Parking, Asphalt Lot
Features

Business Opportunity, Other-See Remarks

Heating

Central Electric A/C, Central Electric Heat

Exterior
RoofShingle-Composition, Flat Roof
ConstructionFrame
FoundationConcrete Slab
Additional Information
ZoningM-2
Listing Details
AgentDonald Stefanov
This (property or listing) is courtesy of

Southwest Partners & Global Partners - FBG

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