9464 US Highway 180 W - Apartments FOR SALE


Breckenridge, TX 76424
$320,000 USD
817-821-1499
9464 US Highway 180 W, Breckenridge, TX for Sale
$320,000 USD
Apartments - FOR SALE
1/20
null | 10.14% Cap Rate

9464 US Highway 180 W
Breckenridge, TX 76424


HIGHLIGHTS

  • Units are 10 min or less from lake
  • The land has 8 hookups for RV's
  • Opportunity grow larger

OVERVIEW

GREAT income potential property. Next to Hubbard Creek Lake. Not utilized to full potential. Room for expansion. 8+RV spots not leased. 3 units leased. 3 not leased for sale. 6x6 storage bldg. Demand is there to increase rents to $650month. Zoned multi family, RV market rental rate is $300month added income potential is $2400month. We have 3 units leased at $550.00. Owner pays for water trash and sewer. Currently owner pays trash $90mo, water $200month.New owner should consider passing utility expenses onto tenants to increase income $3,480.00 per yr. Property unrealized income potential of additional $25,000.00. Only one block away from the lake.

FOR SALE DETAILS

PRICE

$320,000 USD

PRICE/SF

$100 USD /SF

# OF UNITS

6

PRICE/UNIT

$53,333

CAP RATE

10.14%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.7 AC

LAND SF

117,652 SF

ZONING

Residential

APN/PARCEL ID

R17693

ASK ABOUT THIS PROPERTY

Francis KrebsWinHill Advisors - DFWMore Info
817-821-1499

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Francis KrebsWinHill Advisors - DFWMore Info
817-821-1499

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