100 Shady River Dr - Apartments FOR SALE


Junction, TX 76849
$350,000 USD
254-212-9160
100 Shady River Dr, Junction, TX for Sale
$350,000 USD
Apartments - FOR SALE
1/18
null | 6.8% Cap Rate

100 Shady River Dr
Junction, TX 76849


OVERVIEW

INVESTMENT OPPORTUNITY! Great set of apartments with 4 units, all with consistent rentals over the last several years. Few apartments exist in this market and the current owners have a list of tenants looking to move in, but feel it is time to move on. Three of the apartments have been recently updated, with all in good condition. All units are 2 bedroom, 1 bath with kitchen/dining area. The first floor units have sliding doors to the backyard area. Complex includes 6 covered parking spaces. Current rents are $700 per month, with a potential increase in rents coming June 2026. Tenants will be able to choose between an annual lease ($700 month), half-year lease ($750/month) and month-to-month lease ($800/month). Tenant turnover has been historically low, with most tenants averageing multi-year occupancy.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$84 USD /SF

# OF UNITS

4

PRICE/UNIT

$87,500

CAP RATE

6.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shady River Road Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1997

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

None

APN/PARCEL ID

14282

ASK ABOUT THIS PROPERTY

Nathan TonneBierschwale Land CompanyMore Info
254-212-9160

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Nathan TonneBierschwale Land CompanyMore Info
254-212-9160

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.