411 Johnson St - Apartments FOR SALE


Marshall, TX 75670
$1,300,000 USD
903-581-5575
411 Johnson St, Marshall, TX for Sale
$1,300,000 USD
Apartments - FOR SALE
1/20
null | 9.14% Cap Rate

411 Johnson St
Marshall, TX 75670


HIGHLIGHTS

  • Minutes to anywhere in town
  • Lots of natural light
  • Front porch, and lots open space

OVERVIEW

Income producing duplex property! This property has 20 units that are each 1 bedroom and 1 bath. The sellers have maintained the property well and some units have been updated recently. Each 598 sf unit has AC, a full kitchen with refrigerator and oven/stove, eatingnook, storage closet, living room, bedroom and a bathroom. The sellers report a consistent 97% occupancy rate! There is potential of upping rents with current market. There is also an additional unused building that has potential to be another residential unit, a community room, laundromat, or storage facility.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$109 USD /SF

# OF UNITS

20

PRICE/UNIT

$65,000

CAP RATE

9.14%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,098 SF

ZONING

-

APN/PARCEL ID

R000031019

ASK ABOUT THIS PROPERTY

Jason GregoryGregory Real EstateMore Info
903-581-5575

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Jason GregoryGregory Real EstateMore Info
903-581-5575

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