901 E Lion Dr - Apartments FOR SALE


New Boston, TX 75570
$799,000 USD
806-777-4459
901 E Lion Dr, New Boston, TX for Sale
$799,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

901 E Lion Dr
New Boston, TX 75570


HIGHLIGHTS

  • $240+ below market rent comps
  • Interstate-30 access to Texarkana MSA

OVERVIEW

The Go-Getters Multifamily Team is pleased to announce the exclusive listing of the Oak Creek Apartments in New Boston, TX. Each of the 20 units are 750 square feet and 2-beds/1-bath. The average of the current collected rents are ~$510/unit while rental comparables for 2-bed units in New Boston range from $750/month to $925/month. This asset is the ideal investment opportunity for the value-add buyer looking to make cosmetic upgrades and capitalize on up to $240+ rental increases.

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$53 USD /SF

# OF UNITS

20

PRICE/UNIT

$39,950

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oak Creek Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.91 AC

LAND SF

83,219 SF

ZONING

-

APN/PARCEL ID

26140044300

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 Policy.