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. Not in Flood Zone. Temple ISD.
56 Walkscore. Under 1 MI to Scott & White and VA Hospitals & S&W Santa Fe Clinic
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Listing information last updated on May 20th, 2019 at 3:51am CDT.