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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,544 sqft
Price per Sqft $99
MLS Listing ID 7206072
Year Built 2013
Annual Tax Amount $6,477
Tax Year 2025
Lot Size 1.050 Acres
Property Sub-Type Multi Family
Property Description
Discover this one-of-a-kind investment opportunity in the Texas Triangle with this recently renovated 16-unit complex boasting 8.8% cap rate and $75k price per door that beat comps. $230k in renovations between 2018-2024, and there are still multiple opportunities to add value and substantially increase NOI!
The property boasts two main buildings - 2013 build and 1988 build - with 8 units each, plus a freestanding clubhouse & laundry room, 32-car parking lot, a slab where 8 more units can be built, and 1.05 acre lot providing plenty of room for expansion. All units are identical 2 bed/1 bath with functional floorplan, allowing for easier management.
The property has almost no competition in Centerville and is 100% occupied as a result! It is professionally managed and has great long-term tenants in place.
Finally, this property boasts effective tax rate of only 0.55% (based on the tax appraisal value).
Location
State TX
County Leon
Area Out Of Area
Zoning B1 Apartments
Interior
Heating Central
Cooling Wall/Window Unit(s)
Flooring Vinyl
Exterior
Utilities Available See Remarks
View None
Building
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick Veneer,Frame,HardiPlank Type
New Construction No
Others
Acceptable Financing See Remarks
Listing Terms See Remarks
Special Listing Condition Standard
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Bought with Non Member
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