$1,350,000
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2 Beds
1 Bath
11,336 SqFt
SOLD DATE : 12/23/2020
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 11,336 sqft
Price per Sqft $119
Subdivision Alford Terrace 2Nd Add
MLS Listing ID 14447776
Sold Date 12/23/20
Bedrooms 2
Full Baths 1
HOA Y/N None
Total Fin. Sqft 11336
Year Built 1982
Annual Tax Amount $7,939
Lot Size 0.580 Acres
Acres 0.58
Property Description
THIS PROPERTY IS A PORTFOLIO SALE WITH MLS #14447780 A diamond in the rough investment property in heart of New Boston. Pepper Tree apartments is a Value add investment opportunity that has consistently maintain over 95% occupancy and is minutes away from interstate 30 and major shopping. This 24 units two story complex consisting of two building was built in 1982. The property feature a all 24 two bedrooms recently renovated and each individually metered for electric with surface parking. Rental increases have not been made to keep up with the market rent and the property is currently self managed.
Location
State TX
County Bowie
Direction From East Bound 1-30, exit S or state Hwy 8 and Rt on McCoy Blvd and right turn on Alford Drive
Interior
Interior Features Cable TV Available
Heating Central, Electric
Cooling Central Air, Electric
Appliance Dishwasher, Disposal, Electric Range, Refrigerator
Heat Source Central, Electric
Exterior
Utilities Available City Sewer, City Water, Concrete
Roof Type Composition
Parking Type Common, Unassigned
Total Parking Spaces 30
Garage No
Building
Story Two
Foundation Slab
Structure Type Siding,Stucco,Wood
Schools
Elementary Schools Crestview
Middle Schools New Boston
High Schools New Boston
School District New Boston Isd
Others
Ownership Contact Agent
Financing Cash
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Bought with Emmanuel Ikharebha • Coldwell Banker Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "