Property details

Apartments, Southwest Region

Property Description

Great little property with a solid operating history. The exterior offers very low maintenance due to the Brick Veneer, and Pitched roofs. The property is located just 7 minutes south of Downtown of a major City . The exterior is in nice overall condition. There are numerous churches, shopping centers, and restaurants within walking distance. Major employers within 10 miles include State offices (38,000 employees), Air Force Base (26,500), a Health & Science Complex (14,000), and the US Postal Service (8,700). Each unit is separately metered for utilities. The landlord is responsible for tenant’s water and trash, and some tenants are on all bills paid. There is a laundry room, and ample parking.

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Highlights

Status:
Available
Price:
$625,000
PSF:
$51
Cap Rate:
9.70%
Annual Rent:
$59,864
Rent Increases:
None
 

Property Information

Building Size:
12,150 sq.ft.
Property Type:
Apartments
Industry Type:
Apartment - Multifamily
Units/Spaces:
24
Year Built:
1962
Land Area:
0.52 acres
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.