9464 US Highway 180 W
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9464 US Highway 180 W
6 Unit Apartment Building $320,000 ($53,333/Unit) 10.14% Cap Rate Breckenridge, TX 76424
Investment Highlights
- Units are 10 min or less from lake
- Opportunity grow larger
- The land has 8 hookups for RV's
Executive Summary
GREAT income potential property. Next to Hubbard Creek Lake. Not utilized to full potential. Room for expansion. 8+RV spots not leased. 3 units leased. 3 not leased for sale. 6x6 storage bldg. Demand is there to increase rents to $650month. Zoned multi family, RV market rental rate is $300month added income potential is $2400month. We have 3 units leased at $550.00. Owner pays for water trash and sewer. Currently owner pays trash $90mo, water $200month.New owner should consider passing utility expenses onto tenants to increase income $3,480.00 per yr. Property unrealized income potential of additional $25,000.00. Only one block away from the lake.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$46,800
|
$14.66
|
| Other Income |
$9,600
|
$3.01
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$56,400
|
$17.67
|
| Taxes |
$2,754
|
$0.86
|
| Operating Expenses |
$4,500
|
$1.41
|
| Total Expenses |
$7,254
|
$2.27
|
| Net Operating Income |
$49,146
|
$15.40
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $46,800 |
| Annual Per SF | $14.66 |
| Other Income | |
|---|---|
| Annual | $9,600 |
| Annual Per SF | $3.01 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $56,400 |
| Annual Per SF | $17.67 |
| Taxes | |
|---|---|
| Annual | $2,754 |
| Annual Per SF | $0.86 |
| Operating Expenses | |
|---|---|
| Annual | $4,500 |
| Annual Per SF | $1.41 |
| Total Expenses | |
|---|---|
| Annual | $7,254 |
| Annual Per SF | $2.27 |
| Net Operating Income | |
|---|---|
| Annual | $49,146 |
| Annual Per SF | $15.40 |
Property Facts
Unit Amenities
- Air Conditioning
- Ceiling Fans
- Eat-in Kitchen
- Dining Room
Site Amenities
- Lake Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $625.00 | 550 - 800 |
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PROPERTY TAXES
| Parcel Number | R17693 | Total Assessment | $169,230 (2024) |
| Land Assessment | $26,900 (2024) | Annual Taxes | $2,754 ($0.86/SF) |
| Improvements Assessment | $142,330 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
R17693
Land Assessment
$26,900 (2024)
Improvements Assessment
$142,330 (2024)
Total Assessment
$169,230 (2024)
Annual Taxes
$2,754 ($0.86/SF)
Tax Year
2023
zoning
| Zoning Code | Residential (Res) |
| Residential (Res) |
-
Francis Krebs - WinHill Advisors - DFW
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WinHill Advisors - DFW
9464 US Highway 180 W
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