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Valley View Apartments 518 Cypress St

12 Unit Apartment Building $1,100,000 ($91,667/Unit) 8.64% Cap Rate Lott, TX 76656

Executive Summary

Conveniently located in the heart of Lott, Texas. This property lies just 26 miles south of Waco and 26 miles east of Temple.
This fully occupied 12-unit apartment complex presents an ideal investment opportunity consisting of four separate buildings. Three buildings consist of 4 units, each housing a two bedroom, one bathroom, with a full kitchen and living room. The fourth building offers a fully functional on-site laundry facility and an office. Contact for more information and financial on the property.

Attachments

518 CYPRESS RD

Financial Summary (Actual - 2022) 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
Net Operating Income - -

Financial Summary (Actual - 2022) 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
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $1,100,000
Price Per Unit $91,667
Sale Type Investment
Cap Rate 8.64%
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Lot Size 1.29 AC
Building Size 10,600 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1984/2021

Unit Amenities

  • Air Conditioning
  • Refrigerator

Site Amenities

  • Laundry Service

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 12 - 875

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
40435
Land Assessment
$52,300 (2024)
Improvements Assessment
$280,520 (2024)
Total Assessment
$332,820 (2024)
  • Listing ID: 29384288

  • Date on Market: 8/28/2023

  • Last Updated:

  • Address: 518 Cypress St, Lott, TX 76656

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