806-777-4459
300 Madison Ave, Childress, TX for Sale
Apartments - FOR SALE
1/42
null | Request Cap Rate

300 Madison Ave
Childress, TX 79201


HIGHLIGHTS

  • Opportunity to increase rents above competition, which are subsidized and tax credit properties.
  • Only $43,750/unit for 2000 construction!!!
  • Start billing back for water/sewer/trash
  • Water conservation project to lower water bill
  • Market demographics support higher rents

OVERVIEW

Madison Chase is a very well-kept 80 unit property built in 2000. It's the newest, and only market-rate apartment complex in Childress. Rents are currently lower than most of the other properties in town, which are tax credit and subsidized. There is significant opportunity to increase rents since it's the nicest place in town and maintains high occupancy!

FOR SALE DETAILS

PRICE

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# OF UNITS

80

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Madison Chase Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2000

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.73 AC

LAND SF

336,584 SF

ZONING

-

APN/PARCEL ID

11000-09989-00000-000000

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 Notice.