1305 S 9th St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1305 S 9th St
6 Unit Apartment Building $389,000 ($64,833/Unit) 7% Cap Rate Slaton, TX 79364
Investment Highlights
- 100% occupied multifamily rental
Executive Summary
6 unit performing apartment. Property has 4 all bills paid 1/1 apartments, one efficiency all bills paid apartment, and a stand alone 2/1 house that the tenant pays their own utilities. All have been nicely updated with less than two year old mini splits. Gross rents are $4030 per month.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$45,904
|
$9.67
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$45,904
|
$9.67
|
| Taxes |
$2,686
|
$0.57
|
| Operating Expenses |
$16,000
|
$3.37
|
| Total Expenses |
$18,686
|
$3.93
|
| Net Operating Income |
$27,218
|
$5.73
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $45,904 |
| Annual Per SF | $9.67 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $45,904 |
| Annual Per SF | $9.67 |
| Taxes | |
|---|---|
| Annual | $2,686 |
| Annual Per SF | $0.57 |
| Operating Expenses | |
|---|---|
| Annual | $16,000 |
| Annual Per SF | $3.37 |
| Total Expenses | |
|---|---|
| Annual | $18,686 |
| Annual Per SF | $3.93 |
| Net Operating Income | |
|---|---|
| Annual | $27,218 |
| Annual Per SF | $5.73 |
Property Facts
| Price | $389,000 | Building Class | C |
| Price Per Unit | $64,833 | Lot Size | 0.48 AC |
| Sale Type | Investment | Building Size | 4,749 SF |
| Cap Rate | 7% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1945 |
| Property Subtype | Apartment | Parking Ratio | 2.53/1,000 SF |
| Apartment Style | Low Rise |
| Price | $389,000 |
| Price Per Unit | $64,833 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 4,749 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1945 |
| Parking Ratio | 2.53/1,000 SF |
1 of 1
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1305 S 9th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.