1203 S Gail Ave
56 Unit Apartment Building $8,950,000 ($159,821/Unit) 8% Cap Rate Monahans, TX 79756
EXECUTIVE SUMMARY
Build in 2014, great central location in Permian basin. Next to schools , restaurants, freeway entrance . 95% occupied, 60% under master lease . Great cash flowing property with on site live in manager.
PROPERTY FACTS
| Price | $8,950,000 |
| Price Per Unit | $159,821 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Gross Rent Multiplier | 11 |
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Building Size | 63,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2014 |
SITE AMENITIES
- Laundry Facilities
- Furnished Units Available
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 20 | - | 1,000 |
| 3+2 | 36 | - | 1,200 |
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PROPERTY TAXES
| Parcel Number | 0707310 | Improvements Assessment | $418,260 |
| Land Assessment | $3,500 | Total Assessment | $421,760 |
CONTACT
-
Art Drozo - Arthur Drozd
