1310 S 23rd Street, Temple

$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. Not in Flood Zone. Temple ISD.
56 Walkscore. Under 1 MI to Scott & White and VA Hospitals & S&W Santa Fe Clinic

Essential Information
MLS® #14088624
Price$704,620
Bathrooms0.00
Acres0.43
Year Built1975
TypeCommercial
Sub-TypeSale
StatusActive
Community Information
Address1310 S 23rd Street
SubdivisionTal-Coe Place
CityTemple
CountyBell
StateTX
Zip Code76504-7203
Amenities
UtilitiesCity Sewer, City Water, Curbs
FeaturesFire Alarm
Garages

Open, Unassigned Spaces, Common Lot

Interior
# of Stories2
Stories2
Heating

Central Air-Elec, Central Heat-Elec

Exterior
RoofOther Roof
ConstructionFrame/Brick Trim
FoundationSlab
Additional Information
ZoningMF-2
Listing Details
AgentDiane Alexander
Office

Southwest Partners Global International Realty

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Listing information last updated on May 20th, 2019 at 3:51am CDT.

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