601 CR 3721 - Apartments FOR SALE


Athens, TX 75752
$1,500,000 USD
817-320-1015
601 CR 3721, Athens, TX for Sale
$1,500,000 USD
Apartments - FOR SALE
1/4
null | 10.6% Cap Rate

601 CR 3721
Athens, TX 75752


OVERVIEW

SELLER SAYS SELL!! Bank recently appraised for $1,645,000. Remodeled, rehabbed property being sold "as-is". There are four two-story buildings with a total of 22 (2 bedroom 1 bath) units. In addition, a single family home was converted into a 2 bedroom 1 bath unit (Apt. #23), the leasing office and a washateria. A vacant lot behind the single family home is also included in the package. The property is all electric with central heat and air. Refrigerators and stoves are provided. Owner pays water and trash; tenants pay their own electric. Rents can easily be increased, and new owners can charge back for water through a RUBS program to generate additional income. Excellent long-term potential due to the property's location in a growing area and on high traffic count Hwy. 19. BRING ALL OFFERS!! Please do not disturb tenants. Buyer to verify schools.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$76 USD /SF

# OF UNITS

23

PRICE/UNIT

$65,217

CAP RATE

10.6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

North Loop Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1982

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

55,024 SF

ZONING

-

APN/PARCEL ID

2445-0000-015A-00

ASK ABOUT THIS PROPERTY

Orr HernandezCenturion Real Estate - TexasMore Info
817-320-1015

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Orr HernandezCenturion Real Estate - TexasMore Info
817-320-1015

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