SOLD or NLA
Priced at $690k for a quick sale
Asking Price $690,000
Gross Rent $146,400 (actual) / $170,100 (fully leased)
Actual expenses $64,913
Noi $81,487 (actual) - $96,487 (fully leased)
27 Unit Apartment Complex located in Wichita Falls, Texas
This is a class C property built in 1962
23 units are currently rented (numbers below are based on occupancy of 23 tenants)
2 units are currently vacant and can be rented
2 units need light rehab (6k should get them rent ready)
(6) 2 bedroom $625
(12) 1 bedroom $550
(9) efficiency $475
The four (4) vacant units are as follows:
(1) - one bedroom @ $550 rent (unit 204)
(3) - efficiency @ $475 rent x 3 (units 101, 201 & 208)
That is $1,975 more in gross rent a month that could be realized if they get the remaining 4 units rented out or $23,700 a year
*Brokers are welcome and protected, will pay a commission
Asking Price $690,000
Gross Rent $146,400 (actual) / $170,100 (fully leased)
Actual expenses $64,913
Noi $81,487 (actual) - $96,487 (fully leased)
27 Unit Apartment Complex located in Wichita Falls, Texas
This is a class C property built in 1962
23 units are currently rented (numbers below are based on occupancy of 23 tenants)
2 units are currently vacant and can be rented
2 units need light rehab (6k should get them rent ready)
(6) 2 bedroom $625
(12) 1 bedroom $550
(9) efficiency $475
The four (4) vacant units are as follows:
(1) - one bedroom @ $550 rent (unit 204)
(3) - efficiency @ $475 rent x 3 (units 101, 201 & 208)
That is $1,975 more in gross rent a month that could be realized if they get the remaining 4 units rented out or $23,700 a year
*Brokers are welcome and protected, will pay a commission
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