138 Grey Moss Ct - Apartments FOR SALE


Ingram, TX 78025
$375,000 USD
210-857-7085
138 Grey Moss Ct, Ingram, TX for Sale
$375,000 USD
Apartments - FOR SALE
1/72
null | Request Cap Rate

138 Grey Moss Ct
Ingram, TX 78025


HIGHLIGHTS

  • Turnkey property - renovarted in 2022 and fully occupied
  • Low Maintenance with minimal ongoing capital expenditures needed
  • Stable cash flow - proven rental history and quality tenants currently grossing $33,225 a year
  • Seller financing may be available

OVERVIEW

INVESTMENT OFFERING MEMORANDUM ________________________________________ 138 GREY MOSS COURT INGRAM, TEXAS 78025 Income-Producing Rental Property ________________________________________ EXECUTIVE SUMMARY We are pleased to present an exceptional investment opportunity featuring a fully occupied property in the desirable Westwood Oaks subdivision of Ingram, Texas. This turnkey investment offers immediate cash flow with strong fundamentals and a proven rental history. Seller financing may be available for qualified buyers. Key Investment Metrics Annual Gross Income $33,225 Current Occupancy 100% ________________________________________ PROPERTY OVERVIEW Property Specifications • 2,062± total square feet • 0.38 acre lot with mature landscaping • Two separate home units: one 1,368 SF 3/2 mobile home and one 1/1 694 SF cottage • Renovated in 2022 • Ingram Independent School District Location Advantages • Westwood Oaks subdivision • Texas Hill Country setting • Strong rental market fundamentals • Proximity to Kerrville and San Antonio • Quality school district Property Features • Wood-look cabinetry throughout • Vinyl flooring and premium countertops • Modern appliances in both units • Fenced between units for privacy • Low-maintenance construction Investment Highlights • Established tenant base • Recent renovations completed • Strong cap rate performance • Minimal capital expenditure needs • Stable cash flow history • Seller financing may be available to qualified candidates ________________________________________ CURRENT RENT ROLL Active Tenants - October 2024 Unit A • Monthly Rent: $1,550 • Unit Size: 3BR/2BA, 1,368 SF • Lease Start: October 1, 2024 • Term: 12 months • Security Deposit: $1,650 Unit B • Monthly Rent: $1,200 • Unit Size: 1BR/1BA, 694 SF • Lease Start: June 1, 2025 • Term: 12 months • Security Deposit: $1,350 Total Monthly Rental Income: $2,750 ________________________________________ FINANCIAL ANALYSIS 2025 Pro Forma Operating Statement Revenue & Expenses Annual Amount Monthly Amount GROSS RENTAL REVENUE $33,225 $2,769 Unit A ($1,550 × 12 months) $18,675 $1,556 Unit B ($1,200 × 12 months) $14,550 $1,213 ONE-TIME EXPENSES (2024) ($2,571) ($214) Insurance ($1,076) ($90) Real Estate Taxes ($1,495) ($125) Key Investment Metrics Summary Cash Flow Analysis: • Strong monthly cash flow • Immediate income generation upon acquisition • Stable tenant base with established leases Investment Advantages: • Turnkey Property - Recently renovated and fully occupied • Low Maintenance - Minimal ongoing capital expenditure needs • Stable Cash Flow - Proven rental history with quality tenants ________________________________________ MARKET ANALYSIS Ingram, Texas Investment Climate Located in the heart of the Texas Hill Country, Ingram offers investors a unique combination of scenic beauty and rental market stability. Demographics & Economic Drivers Community Characteristics: • Growing population seeking rental housing • Family-oriented community atmosphere • Strong local employment base • Quality school district attracts long-term tenants Economic Fundamentals: • Tourism and hospitality sector growth • Proximity to Kerrville medical facilities • Expanding retirement community • Hill Country recreation economy • Stable rental demand patterns Location Benefits: • Westwood Oaks is an established, desirable subdivision • Close proximity to major Texas markets (San Antonio) • Hill Country location provides natural beauty and recreation • Strong community amenities and infrastructure

FOR SALE DETAILS

PRICE

$375,000 USD

PRICE/SF

$182 USD /SF

# OF UNITS

2

PRICE/UNIT

$187,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,881 SF

ZONING

OCL

APN/PARCEL ID

R41103

ASK ABOUT THIS PROPERTY

Lisa GroveBrowning Commercial Real EstateMore Info
210-857-7085

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Lisa GroveBrowning Commercial Real EstateMore Info
210-857-7085

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