111 S Broadway St - Apartments FOR SALE


Bells, TX 75414
$2,495,000 USD
972-897-0908
111 S Broadway St, Bells, TX for Sale
$2,495,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

111 S Broadway St
Bells, TX 75414


HIGHLIGHTS

  • Located between Sherman and the new Bois D' Arc lake, in downtown Bells, TX.
  • All single story 2 bedrooms 1 bath units separately metered for water and electric.
  • Rare investment opportunity to own 24 units in this area.

OVERVIEW

RARE OPPORTUNITY TO OWN A 24 UNIT APARTMENT COMPLEX. 6 BUILDINGS, EACH BUILDING HAS 4 UNITS. EACH APARTMENT HAS THE FOLLOWING: 2 BEDROOMS 1 BATH ALL SINGLE STORY & ALL SEPERATLEY METERED FOR WATER AND ELECTRICITY. ALL ELECTRIC WITH CENTRAL HEAT AND AIR. PROPERTY HAS ADDITIONAL LAND FOR POSSIBLE EXPANSION LOCATED IN THE HEART OF DOWNTOWN BELLS, TX DIRECTLY BETWEEN THE TREMENDOUS GROWTH OF SHERMAN AND THE NEW BOIS D ARC LAKE. RECENT CAPTIAL IMPROVEMENTS INCLUDE, ROOF REPLACED ON ALL 6 BUILDINGS IN 2023, EXTERIOR SIDING REPLACED ON MOST BUILDINGS 2023, EXTERIOR PAINTED AND FRONT PORCH SUPPORT BEAMS REPLACED AND STAINED. LISTING AGENT IS PART OWNER.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$135 USD /SF

# OF UNITS

24

PRICE/UNIT

$103,958

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Chris McCrawMcCraw Properties, Inc.More Info
972-897-0908

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Chris McCrawMcCraw Properties, Inc.More Info
972-897-0908

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.