1401 Monroe St - Multi-Family FOR SALE
Commerce, TX 75428 |
$1,700,000 USD
214-663-4236
1401 Monroe St
Commerce, TX 75428
HIGHLIGHTS
- Strong Financial Performance: The property offers a compelling goingin cap rate of 8%, with a levered average Cash-on-Cash return of 10%
- Renovation Advantage: The property’s recent renovations make it an attractive option for students, offering low operational costs for new ownership.
- Rent Increase Potential: With current market trends and the property’s upgraded condition, there is significant opportunity to increase rents
- Stable Demand: The consistent demand for student housing near Texas A&M University-Commerce, coupled with the university’s growth
FOR SALE DETAILS
PRICE
$1,700,000 USD
PRICE/SF
$174 USD /SF
# OF UNITS
21
PRICE/UNIT
$80,952
CAP RATE
7.97%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
THE MOORE STREET COMMONS
PROPERTY TYPE
Multi-Family
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
54456
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214-663-4236
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214-663-4236
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