1005 Southgate Dr - Apartments FOR SALE


Brady, TX 76825
$300,000 USD
806-777-4459
1005 Southgate Dr, Brady, TX for Sale
$300,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

1005 Southgate Dr
Brady, TX 76825


HIGHLIGHTS

  • 9.5% Cap Rate on Actuals
  • 100% Occupancy
  • Large Rental Upside

OVERVIEW

The Go-Getters Multifamily Team is proud to present the exclusive listing of The Southgate Apartments. This 8-unit property was originally built in 1976 and offers a strong value-add investment opportunity. Currently 100% occupied, the property provides day 1 cash flow with a 9.5% cap rate on actuals, making it an attractive option for investors seeking immediate returns. In addition to the strong in-place performance, below-market rents offer clear upside potential through strategic rent increases and operational improvements. To view the financials: https://buildout.com/website/1506629-sale

FOR SALE DETAILS

PRICE

$300,000 USD

PRICE/SF

$56 USD /SF

# OF UNITS

8

PRICE/UNIT

$37,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Southgate Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

n/a

APN/PARCEL ID

23551

ASK ABOUT THIS PROPERTY

Greg BrowndGo-Getters - MultifamilyMore Info
806-777-4459

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Greg BrowndGo-Getters - MultifamilyMore Info
806-777-4459

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