1010 Sugar Ln | Palestine, TX 75801
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1010 Sugar Ln
Palestine, TX 75801
Whispering Pines · Multifamily Property For Sale · 104 Units
Investment Highlights
- Offered free and clear of existing debt
- Opportunity to own in a high occupancy rental market, where comps are trending in the 94-100 percent range; subject property averaged 1 physical vacan
- High quality tenants averaging a credit score of 676 over last 12 months
- Well-maintained property with attractive curb appeal, and an ownership group that is continuing to inject capital and improve property’s exterior
- Strong manager and maintenance staff already in place
- Stable employment nearby including Texas Department of Criminal Justice (TDCJ) and Palestine Regional Medical Center
PROPERTY FACTS
| No. Units | 104 | Lot Size | 5.07 AC |
| Property Type | Multifamily | Building Size | 91,496 SF |
| Property Subtype | Apartment | Average Occupancy | 91% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1978 |
| No. Units | 104 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.07 AC |
| Building Size | 91,496 SF |
| Average Occupancy | 91% |
| No. Stories | 2 |
| Year Built | 1978 |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Handrails
- Trash Compactor
- Vinyl Flooring
- Warming Drawer
- Wheelchair Accessible (Rooms)
- Window Coverings
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Renters Insurance Program
- Hearing Impaired Accessible
- Maintenance on site
- Multi Use Room
- Online Services
- Vision Impaired Accessible
- Individual Locking Bedrooms
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 56 | - | 624 - 727 |
| 2+2 | 48 | - | 838 - 1,034 |
PROPERTY TAXES
| Parcel Number | R33438 | Improvements Assessment | $3,112,751 |
| Land Assessment | $143,637 | Total Assessment | $3,256,388 |
PROPERTY TAXES
Parcel Number
R33438
Land Assessment
$143,637
Improvements Assessment
$3,112,751
Total Assessment
$3,256,388
zoning
| Zoning Code | Multi-Family |
| Multi-Family |
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