239 Dallas ave - Apartments FOR SALE


Cooper, TX 75432
$725,000 USD
903-283-4765
239 Dallas ave, Cooper, TX for Sale
$725,000 USD
Apartments - FOR SALE
1/5

239 Dallas ave
Cooper, TX 75432


HIGHLIGHTS

  • Multi use property with further development opportunity
  • Great location
  • Long term tenants

OVERVIEW

EXCELLENT INCOME OPPORTUNITY!!! This well-maintained mixed-use property has approximately 10,000 sq' of multi-family and retail space on 1.4 acres located in the city of Cooper at the corner of Tenth St and W Dallas Ave (AKA Business 24). There is an 11-unit studio apartment complex that is 100% occupied with mostly long-term tenants and there is a wait list. There is a coin operated laundromat for tenants use only. There is a .5-acre vacant corner lot adjacent to the apartment building that can also be developed with easy access to electric, public water and sewer, natural gas and internet at the corner of W Dallas Ave and Tenth St. There is a 1,250 sq' single family residence on the property that can be used as either a commercial or residential rental. There is a very charming commercial 1,765 sq' retail building on the property that is currently occupied by a tenant who has a barber shop and tanning salon. Here, you are 16 miles to Commerce, TX, 59 miles to Rockwall, TX and 76 miles northeast of Dallas. Right now, this property sits at about a 7% cap rate with room for improvement

FOR SALE DETAILS

PRICE

$725,000 USD

# OF UNITS

13

PRICE/UNIT

$55,769

CAP RATE

7.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

F1

APN/PARCEL ID

9755

ASK ABOUT THIS PROPERTY

Rene Griffin-PerryRE/MAX TylerMore Info
903-283-4765

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Rene Griffin-PerryRE/MAX TylerMore Info
903-283-4765

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