130 Town St - Apartments FOR SALE


Centerville, TX 75833
$1,199,000 USD
512-415-6244
130 Town St, Centerville, TX for Sale
$1,199,000 USD
Apartments - FOR SALE
1/11
null | 8.52% Cap Rate

130 Town St
Centerville, TX 75833


HIGHLIGHTS

  • Proven proforma - 2 units already at market rent
  • Low to no competition confirmed by 100% occupancy
  • 2013 and 1988 build years
  • Plus $230k in recent renovations
  • So many opportunities to add value beyond what's stated the proforma!

OVERVIEW

Discover this one-of-a-kind investment opportunity in the Texas triangle with this recently renovated 16-unit complex boasting aggressive cap rate and price per door! $230k in renovations between 2018-2024, and the property still allows for multiple value add opportunities! The property boasts two main buildings - 2013 build and 1988 build - with 8 units each, plus a freestanding clubhouse & laundry room, 32-car parking lot, a slab where 8 more units can be built, and 1.05 acre lot providing plenty of room for expansion. All units are identical 2 bed/1 bath with functional floorplan, allowing for easier management. The property has almost no competition in Centerville and is 100% occupied as a result! It is professionally managed and has great long-term tenants in place. Finally, this property boasts effective tax rate of only 0.55% (based on the tax current tax appraised value).

FOR SALE DETAILS

PRICE

$1,199,000 USD

PRICE/SF

$117 USD /SF

# OF UNITS

16

PRICE/UNIT

$74,938

CAP RATE

8.52%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Centerville Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2013

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

B1-Apartments

APN/PARCEL ID

07300-08600-00200-000000

ASK ABOUT THIS PROPERTY

Maxim SonReal Broker, LLCMore Info
512-415-6244

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Maxim SonReal Broker, LLCMore Info
512-415-6244

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