$704,620
For more information regarding the value of a property, please contact us for a free consultation.
7,228 SqFt
SOLD DATE : 07/17/2019
Key Details
Property Type Commercial
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,228 sqft
Price per Sqft $96
Subdivision Tal-Coe Place
MLS Listing ID 1609884
Sold Date 07/17/19
Originating Board actris
Year Built 1975
Tax Year 2018
Lot Size 0.434 Acres
Property Description
10 CAP. 16 Unit Multi-Family. 88 percent occupancy.
2017 Tax Return $70,462 NOI. Proforma $29,603 Net Cash Flow.
No rent increase since 2017. Increase rents 5% and lease 2 vacant units to increase Net Cash Flow by 65% to $48,941.
At 5 MIN drive time, 31,966 daytime workforce vs. 13,468 residents indicating unmet demand for local housing. % of daytime workforce vs. residents is 65% higher at 5 MIN drive time vs. Temple. Adjoining census tracts to north and east are HUD Qualified Census Tracts.Restrictions: Yes
Location
State TX
County Bell
Interior
Heating Central
Cooling Central Air
Flooring Carpet
Furnishings Unfurnished
Fireplace N
Exterior
Exterior Feature None
Pool None
Community Features None
Utilities Available Electricity Available
Waterfront Description None
View Y/N Yes
View Fields
Roof Type Flat Tile
Accessibility None
Porch None
Total Parking Spaces 32
Private Pool No
Building
Lot Description Level
Story 2
Sewer Public Sewer
Water Public
Structure Type Wood Siding
Others
Pets Allowed No
Restrictions City Restrictions
Acceptable Financing Cash, Conventional, 1031 Exchange
Tax Rate 2.73298
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
Pets Description No
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Sunburst Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "