Down Home Square | 23431 McSpadon Rd
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Down Home Square 23431 McSpadon Rd
29 Unit Apartment Building For Sale 6% Cap Rate Porter, TX 77365
Investment Highlights
- Unique triple net style leases in place
- Below market rent
- Long-term tenants in place
- 100% Occupancy
Executive Summary
Total Units: 29
Lot Size: 3.58 Acres
Below market rent
Consistently maintained 100% occupancy
New Construction
Individually metered utilities
Unique triple net style leases in place
Long-term tenants in place
Easy access to Hwy 59 and Grand Parkway 99
Close proximity to multiple schools
Outside of all flood zones
Lot Size: 3.58 Acres
Below market rent
Consistently maintained 100% occupancy
New Construction
Individually metered utilities
Unique triple net style leases in place
Long-term tenants in place
Easy access to Hwy 59 and Grand Parkway 99
Close proximity to multiple schools
Outside of all flood zones
Property Facts
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6% | Lot Size | 3.58 AC |
| No. Units | 29 | Building Size | 34,445 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 2020 |
| Apartment Style | Garden |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 3.58 AC |
| Building Size | 34,445 SF |
| No. Stories | 1 |
| Year Built | 2020 |
Unit Amenities
- Dishwasher
- Microwave
- Kitchen
- Granite Countertops
- Hardwood Floors
- Oven
- Range
- Tub/Shower
- Patio
Site Amenities
- Fenced Lot
- Security System
- Smoke Free
- Storage Space
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 12 | - | 1,000 |
| 2+2.5 | 13 | - | 1,265 |
| 3+2.5 | 4 | - | 1,500 |
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PROPERTY TAXES
| Parcel Number | 0405-00-02600 | Improvements Assessment | $3,154,466 |
| Land Assessment | $295,534 | Total Assessment | $3,450,000 |
PROPERTY TAXES
Parcel Number
0405-00-02600
Land Assessment
$295,534
Improvements Assessment
$3,154,466
Total Assessment
$3,450,000
zoning
| Zoning Code | None |
| None |
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Down Home Square | 23431 McSpadon Rd
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