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1310 S In City Limits TX

$704,620

Property Details

  • Price:$704,620
  • Listing Id:77814
  • County:Other
  • City:Out of City
  • State:TX
  • Zip:76504
  • Status:Available
  • Type:Commercial

Property Description

10 CAP. 16 Unit Multi-Family. 88 percent occupancy. 2017 Tax Return $70,462 NOI. Proforma $29,603 Net Cash Flow. No rent increase since 2017. Increase rents 5% and lease 2 vacant units to increase Net Cash Flow by 65% to $48,941. At 5 MIN drive time, 31,966 daytime workforce vs. 13,468 residents indicating unmet demand for local housing. % of daytime workforce vs. residents is 65% higher at 5 MIN drive time vs. Temple. Adjoining census tracts to north and east are HUD Qualified Census Tracts confirming unmet local demand for low income housing. On site manager in lieu of rent. 18,900 SF lot

Primary Features

  • Construction:Frame
  • County:Other
  • Foundation:Slab
  • Parking:On-Street Parking,Asphalt Lot
  • Property Type:Commercial Sale
  • Sale Includes:Business, Building, & Land
  • Zoning:M-2

Additional

  • Approximate SqFt:Other-See Remarks
  • Approximate Tract Size/Acreage:.43
  • Estimated Year Built:1970-1979
  • Source SqFt:Fee Appr
  • Topography:Level
  • Type of Property:Multi-Family

External Features

  • Fence:None
    • Roof:Composition,Flat

    Interior Features

    • Heating/A/C:Central Electric A/C,Central Electric Heat
      • Utilities:City Electric

      Financial Details

      • Seller's Estimated Tax:7142.51

        Out of City TX 76504





        The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Central Hill Country Board of REALTORS® Multiple Listing Service (CHCBRMLS). The CHCBR IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information herein is deemed reliable but not guaranteed, representations are approximate, individual verifications are recommended. Copyright 2019 Central Hill Country Board of REALTORS®. All rights reserved.