16-unit condominium portfolio, one block from Bishop Arts. 15 of 16 units leased on 12–24 month terms with zero month-to-month exposure. $244,800 gross scheduled income at full stabilization. 6.9% cap rate at asking price of $2,750,000. Individually metered utilities. Tankless water heaters throughout. Full renovation complete with no deferred maintenance,… Read More and no capital requirements at closing. OM available in the transaction desk. This is for 435 and 439 W 9th St. Read Less
Courtesy of Compass RE Texas, LLC, Rachael Gray Smith.
Listing Snapshot
Days Online
3
Last Updated
Property Type
Apartment
Beds
18
Full Baths
16
Lot Size
0.12 Acres
Year Built
1925
MLS Number
21318003
Additional Details
Appliances & Equipment
Dishwasher, ElectricOven, Refrigerator
Building
Built in 1925, Construction materials: Brick, VinylSiding, Levels: Two, 4 buildings, 2, Toal building area: 3040
Cooling
Other
Expenses
Insurance: $5,500
Floors
Laminate
Income
Gross income: $234,840, Net operating income: $148,524
