500 28th St - Apartments FOR SALE


Snyder, TX 79549
$299,000 USD
925-999-5135
500 28th St, Snyder, TX for Sale
$299,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

500 28th St
Snyder, TX 79549


OVERVIEW

Introducing the Snyder Apartments! Located at 500-506 & 510 28th St, Snyder, TX 79549, this property offers a prime investment opportunity at a sales price of $299,000. With a unit mix of 8 duplex-style 1BR/1BA units and a 2BR/1BA single-family home, the property comprises 9 units in 5 buildings. This distressed sale presents various potential approaches, including a redevelopment opportunity for new quadplexes or rehabbing existing units. The property's average rent is $643 with a current occupancy rate of 33%. Situated in Snyder, Texas, a burgeoning West Texas hub, the location offers excellent cash flow potential and long-term growth opportunities. With a stable tenant base from various industries and proximity to major cities, Snyder is a strategic investment choice. Don't miss out on this chance to capitalize on low acquisition costs, strong tenant demand, and Snyder's attractive economic landscape. Contact listing agent for the financials and rent roll.

FOR SALE DETAILS

PRICE

$299,000 USD

PRICE/SF

$55 USD /SF

# OF UNITS

9

PRICE/UNIT

$33,222

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Synder Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Andrew NeumannCompassMore Info
925-999-5135

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Andrew NeumannCompassMore Info
925-999-5135

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