1 / 316-Unit Multifamily in Alvarado, TX
Johnson County, TX · listed Jan 27, 2025 (638 days)
- $/unit
- $205,625
- ▲ 123% vs TX · 87th pct
- Cap rate
- 5.1%
- ▼ 2.3 pts vs TX median
- NOI
- $222K
- $13,851/unit/yr
- Units
- 16
- 1 bldg · 2025
Financials
- Asking price
- $3,290,000
- Price per unit
- $205,625
- Price per sq ft
- $249
- Gross rent / year
- $233,280
- Net operating income
- $221,616
- NOI per unit
- $13,851
- Cap rate
- 5.1%
- Gross yield
- 7.1%gross rent ÷ price
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 16
- Unit mix
- 16 one-bedroom units
- Buildings
- 1
- Year built
- 2025
- Building size
- 13,200 sq ft
- Avg unit size
- 825 sq ft
- Lot size
- 4.03 acres
- Condition
- New construction
Deal terms
- Owner financing
- Available
Listing
- Listed
- Jan 27, 2025
- Days on market
- 638 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1831
About this property
Discover the multitude of possibilities for this newly constructed one- story apartment building. Functionally designed, the complex features 16 one-bedroom units nestled in a serene, pastoral country setting. The gated entry ensures privacy and security, making this complex an ideal choice for various housing needs. Whether you're seeking a recovery dwelling, temporary, or short-term housing for industry personnel such as traveling nurses, or a long-term home for veterans or retirees, this location offers a peaceful, secluded retreat. Seller financing available - reach out to listing brokers for terms!
Please contact listing brokers for pricing, due diligence, and seller financing terms at or.
Class A | 16 Units | 100% Occupied
Location
Approximate area. The exact address is shared on request.
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