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🚨16 units 15.5% cap rate, extra lot, HUGE VALUE ADD🚨

Lamar County, Paris, TX, 75460
Sold
Listed at: September 23rd, 2022
Price
$899,000
ARV
$2,000,000
Gross Margin
$1,101,000
2 pictures, show all
Sq. Footage
11898
Type
Multifamily
Parking
Assigned
Year build
1920
Lot size
0.70 acres
Bedrooms
20
Bathrooms
16
Half Bathrooms
0
Summary

Includes: 625 Bonham and 637 Bonham***

 

16 units

- 7 studios apartments

- 6 1 bed 1 bath units

- 2 2 bed 1 bath units

- Recently added 3 bed 1 and a half bath

 

Extra Pictures:

https://drive.google.com/drive/folders/12tt7XyLtNTQHgkTLrexgBF4E0pRlyBGE


Brand new roof!!!

 

âš¡Electric:

meter

625 $600

625 #1 $54

625 #2 $74

625 #3 $80

625 #4 $77

625 #5 $89

625 #6 $74

625 #7 $82

625 #8 $92

625 #9 $67

625 #10 $65

625 #13 $86

625 #14 $73

= $1513


trash $200


water $600

 

 

Financials:

https://drive.google.com/drive/folders/13PujXoP0iEri7Kz3WU-KUAoM_vYRs5KD

 

Additional commercial lot for expansion (.34)

(big enough for 32unit complex)

 

Full basement that can be converted into

additional apartment

 

Management office

 

Warehouse/shop for equipment and supplies

 

Ample parking on either side of building

 

Fenced courtyard/play area

 

Property is completely fenced with new 8'

cedar fencing

 

Owner currently pays all utilities for

the rentals.

BONUS: *They are all separately metered*

 

GIVE KRISTIN A CALL OR SHOOT HER A TEXT

MESSAGE FOR MORE INFO

ON THIS OPPORTUNITY! (480-336-0347)

 

*No current contract leasing beyond a

month*

New owner can do:

Week to week

Month to month

Year to year

Etc.

 

Occupancy: 100%

 

Current CAP rate is a little over 15.5%

 

Current

NOI: $140,000

 

Sqft:

11,891

Yourbellacapital@gmail.COM

 (480-336-0347)

 

ASKING:

$899,000

EMD:

$15,000


Please do your own due diligence. Property is being sold as-is and the buyer is to pay ALL closing costs. Price based on a cash or hard money offer. All properties offered are either owned by us, under contract and selling equitable interest, or offered in conjunction with a business associate. Agents, please add your commission to the sales price paid for by the buyer. NOTE: YOU ARE STRICTLY PROHIBITED FROM CONTACTING ANY SELLER OR OTHERWISE USING ANY INFORMATION PROVIDED TO YOU UNLESS YOU HAVE THE EXPRESS WRITTEN CONSENT. Any property information received by you is proprietary information belonging to any of our company LLCs and its affiliates. Any transaction consummated by you will be pursuant to an assignment of one of our acquisitions LLC's Contract. Any unauthorized contact will be considered INTENTIONAL INTERFERENCE with a contract and may result in legal action being taken against you. Buyers are asked to perform their due diligence.
Documents
Street View
Location
current deal
comparables
#2
 available
$123k
 sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Elizabeth Giguere

★★★★★
★★★★★
No reviews

Disposition manager