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$495500 / 2br - 7404ft2 - 14% Cash on Cash-Under 10 Unit 8% Cap rate in McLennan County, Texas

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2BR / 1Ba 7404ft2

apartment
w/d in unit
off-street parking
wheelchair accessible

Apartment complex purchase comprising of two separate buildings totaling less than 10 units. Apartments are currently 100% leased, with at least ten requests a day to rent in this area. Rents have a potential of increasing 7% and as much as 15%.
This B class property is in a demanding neighborhood surrounded by single family homes.
The building has little deferred maintenance, making this a turnkey project poised for immediate cash flow distributions. These buildings are attractively designed and present much lower maintenance costs. Tenants pay all utilities.
Message us for additional pictures and information. The price is $495,500 and buyer pays all closing costs.
  • do NOT contact me with unsolicited services or offers

post id: 6963897210

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