4120 Faith Rd - Apartments FOR SALE


Wichita Falls, TX 76308
$1,400,000 USD
940-264-4663
4120 Faith Rd, Wichita Falls, TX for Sale
$1,400,000 USD
Apartments - FOR SALE
1/44
null | Request Cap Rate

4120 Faith Rd
Wichita Falls, TX 76308


HIGHLIGHTS

  • 3 Separate Buildings
  • Handicap Accessible
  • 12 Storage units being leased for additional income

OVERVIEW

3 of Wichita Falls nicest small apartment complexes being SOLD together as a package deal. The current income is 12,150/month but is being raised to $12,925/month as leases come up for renewal. 2947 Cunningham is a brick duplex in Faith Village built in 2018 with 2052 square feet per ADO. Lot size is 50 X 150. Both units are occupied. Tenants pay for all utilities. There is a shared patio. Property is gated. Both units are handicap accessible. All bathrooms and kitchens have granite countertops. 4318 Faith is a triplex built in 2016 with 3015 square feet per ADO. Lot size is 95 X 95. All these units are handicap accessible. The property is fenced with plenty of parking. 4120 Faith is a 6-plex. These units have covered parking and patios in the back. It was built in 2005 and has 5,870 square feet per ADO. Property is gated. At the time of listing, these properties are 100% occupied with great tenants. Each of the properties are 2 bedroom, 2 bath with a utility room. The bathrooms are extremely nice. Kitchens each have stove, refrigerator, dishwasher, and microwave. All units have granite countertops in the kitchen and bathrooms. There are 12 storage units for an additional income source. Great opportunity for the investor who wants low maintenance properties. For more information call The Sandra Wortham Team at 940-264-4663 or 940-733-6080.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$239 USD /SF

# OF UNITS

6

PRICE/UNIT

$233,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4318 Faith & 2947 Cunningham

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,121 SF

ZONING

-

APN/PARCEL ID

108314

ASK ABOUT THIS PROPERTY

Sandra Wortham940 RealtyMore Info
940-264-4663

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Sandra Wortham940 RealtyMore Info
940-264-4663

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