130 Town ST Centerville, TX 75833
Multi Family
MLS #: 7206072
Courtesy Of REAL BROKER LLC
Property InformationDescription
Discover this one-of-a-kind investment opportunity in the Texas Triangle with this recently renovated 16-unit complex boasting 8.8% cap rate and $75k price per door that beat comps. $230k in renovations between 2018-2024, and there are still multiple opportunities to add value and substantially increase NOI!
The property boasts two main buildings - 2013 build and 1988 build - with 8 units each, plus a freestanding clubhouse & laundry room, 32-car parking lot, a slab where 8 more units can be built, and 1.05 acre lot providing plenty of room for expansion. All units are identical 2 bed/1 bath with functional floorplan, allowing for easier management.
The property has almost no competition in Centerville and is 100% occupied as a result! It is professionally managed and has great long-term tenants in place.
Finally, this property boasts effective tax rate of only 0.55% (based on the tax appraisal value).
The property boasts two main buildings - 2013 build and 1988 build - with 8 units each, plus a freestanding clubhouse & laundry room, 32-car parking lot, a slab where 8 more units can be built, and 1.05 acre lot providing plenty of room for expansion. All units are identical 2 bed/1 bath with functional floorplan, allowing for easier management.
The property has almost no competition in Centerville and is 100% occupied as a result! It is professionally managed and has great long-term tenants in place.
Finally, this property boasts effective tax rate of only 0.55% (based on the tax appraisal value).
Features
- Age: 11-20 Years Old
- Amenities: Dock
- Architecture Style: Other
- Cooling System: Window Unit(s) A/C
- Exterior Type: Brick Veneer
- Exterior Type: Frame
- Exterior Type: Brick
- Exterior Type: HardiPlank Type
- Floor Covering: Vinyl
- Heating System: Central Furnace
- Legal Description: BLK 5 LOT 9 PT
- MLSID: 7206072
- Parking Spaces: 32
MAP & DIRECTIONS
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