321 Asbury Dr - Residential Income FOR SALE


Saginaw, TX 76179
$625,000 USD
817-781-8770
321 Asbury Dr, Saginaw, TX for Sale
$625,000 USD
Residential Income - FOR SALE
1/5
null | Request Cap Rate

321 Asbury Dr
Saginaw, TX 76179


HIGHLIGHTS

  • Brochure features income figures and demographic information.
  • Rent roll is available upon request.

OVERVIEW

75% OCCUPANCY 4 UNITS INVESTMENT OPPORTUNITY This income-producing single-family portfolio presents an excellent opportunity for investors looking to acquire a mix of well-maintained townhome and apartment units in strong rental markets within the Dallas-Fort Worth metroplex. The portfolio includes two townhome units located at 321 and 413 Asbury Drive in Saginaw, TX, as well as two apartment units at Cimarron Court at 18333 Roehampton Court in Dallas, TX (Units 421 and 936). These properties benefit from established tenant occupancy, with only Unit 421 currently available for lease, offering immediate potential for an investor to secure a tenant and further optimize rental income. » 75% of units are currently leased, with established tenants and consistent rent payments. » Properties are located in strong suburban and urban rental markets. » Units are leased at competitive rental rates, with room for potential rent increases over time. » One tenant has occupied their unit since 2011, and another since 2019, demonstrating strong tenant retention. » Income-producing from day one, while an available unit provides an opportunity to secure a new lease at market rent.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$610 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,176 SF

ZONING

A4

APN/PARCEL ID

05827914

ASK ABOUT THIS PROPERTY

Steven McPhersonSVN | Trinity AdvisorsMore Info
817-781-8770

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Steven McPhersonSVN | Trinity AdvisorsMore Info
817-781-8770

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