8133 W 7th St
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8133 W 7th St
12 Unit Apartment Building $2,195,000 ($182,917/Unit) 8.24% Cap Rate Texarkana, TX 75501
INVESTMENT HIGHLIGHTS
- Investment Turn Key Property
- Multi Family Units for Investment with low maintenance
- Excellent Low Maintenance Property
EXECUTIVE SUMMARY
Great Multifamily property built in 2023 just outside of the Texarkana area! Total of 12 units each with 2 bedrooms and 2.5 baths as well as a garage. Lower Taxes as the property sits outside city limits in the county. Beutiful finish out on this property combined with the Country feel of beautiful East Texas Pines, helps with getting top of the market rent! Tenant paid utilities and water and electric individually metered. Owner has Internet set up and tenants buy internet through owner for added income on each unit. If you are wanting a turn key property, this is an Excellent low maintenance property. Currently 11 out of 12 units are leased, but seller is actively marketing the 12th unit for lease.
PROPERTY FACTS
| Price | $2,195,000 | Building Class | B |
| Price Per Unit | $182,917 | Lot Size | 3.73 AC |
| Sale Type | Investment | Building Size | 16,068 SF |
| Cap Rate | 8.24% | Average Occupancy | 92% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 1.49/1,000 SF |
| Apartment Style | Townhome | Opportunity Zone |
Yes
|
| Price | $2,195,000 |
| Price Per Unit | $182,917 |
| Sale Type | Investment |
| Cap Rate | 8.24% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 3.73 AC |
| Building Size | 16,068 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 2024 |
| Parking Ratio | 1.49/1,000 SF |
| Opportunity Zone |
Yes |
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2.5 | 12 | - | 1,339 |
PROPERTY TAXES
| Parcel Number | 27920001501 | Improvements Assessment | $1,991,307 |
| Land Assessment | $59,055 | Total Assessment | $2,050,362 |
PROPERTY TAXES
Parcel Number
27920001501
Land Assessment
$59,055
Improvements Assessment
$1,991,307
Total Assessment
$2,050,362
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Tx Land & Legacy Realty, LLC
8133 W 7th St
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