1 / 210-Unit Multifamily in Hooks, TX
Bowie County, TX · listed Aug 4, 2024 (815 days)
- $/unit
- $55,000
- ▼ 40% vs TX · 18th pct
- Cap rate
- 13.7%
- ▲ 6.3 pts vs TX median
- NOI
- $75K
- $7,525/unit/yr
- Units
- 10
- 1 bldg · 1982
Financials
- Asking price
- $550,000
- Price per unit
- $55,000
- Price per sq ft
- $135
- Gross rent / year
- Not stated
- Net operating income
- $75,250
- NOI per unit
- $7,525
- Cap rate
- 13.7%
- Gross yield
- Not stated
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 10
- Unit mix
- Not stated
- Buildings
- 1
- Year built
- 1982
- Building size
- 4,075 sq ft
- Avg unit size
- 408 sq ft
- Lot size
- 0.25 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Aug 4, 2024
- Days on market
- 815 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1349
About this property
Discover a prime investment opportunity in Hooks, TX! This fully occupied, newly renovated, and stabilized apartment building is the perfect addition to your portfolio. Located at the corner of Hwy 82 & East 20th, this 10-unit property boasts 100% occupancy, thanks to the abundant employment opportunities nearby.
Renovated in 2022 & 2023, this building promises low repairs and maintenance costs for years to come. Don’t miss your chance to invest in a property that offers both immediate and long-term returns. Secure your investment in this thriving community today!
Multifamily | 10 Units | $55,000/unit
Location
Approximate area. The exact address is shared on request.
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