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1801 NE 1st Ave

4 Unit Apartment Building $380,000 ($95,000/Unit) 7.58% Cap Rate Mineral Wells, TX 76067

Apartment Buildings Texas Mineral Wells 1801 NE 1st Ave, Mineral Wells, TX 76067

Executive Summary

GREAT INCOME PRODUCER !!!!! TENANTS PAY ALL UTILITY

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $380,000 Property Subtype Apartment
Price Per Unit $95,000 Building Size 2,652 SF
Sale Type Investment Average Occupancy 100%
Cap Rate 7.58% No. Stories 2
No. Units 4 Year Built/Renovated 1968/2018
Property Type Multifamily Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $380,000
Price Per Unit $95,000
Sale Type Investment
Cap Rate 7.58%
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Building Size 2,652 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1968/2018
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

  • Air Conditioning
  • Heating

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 4 - -
1 of 1

PROPERTY TAXES

Parcel Number 25453 Total Assessment $128,100 (2024)
Land Assessment $13,490 (2024) Annual Taxes ($1) ($0.00/SF)
Improvements Assessment $114,610 (2024) Tax Year 2023

PROPERTY TAXES

Parcel Number
25453
Land Assessment
$13,490 (2024)
Improvements Assessment
$114,610 (2024)
Total Assessment
$128,100 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
(940) 325-9555

Contact

  • Michael Lee
    Michael Lee
  • Premier Properties

  • Listing ID: 33662975

  • Date on Market: 10/28/2024

  • Last Updated:

  • Address: 1801 NE 1st Ave, Mineral Wells, TX 76067

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1801 NE 1st Ave
(940) 325-9555 x

1801 NE 1st Ave

Michael Lee

(940) 325-9555

(940) 325-9555

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