1 / 2$2,195,000
28-Unit Multifamily in Three Rivers, TX
Live Oak County, TX · listed Sep 16, 2022 (1,502 days)
Price per unit compared
This property$78K
Within ~40 mi (8)$70K
Texas median (1,196)$92K
- $/unit
- $78,393
- ▼ 15% vs TX · 38th pct
- Cap rate
- 3.9%
- ▼ 3.5 pts vs TX median
- NOI
- $85K
- $3,028/unit/yr
- Units
- 28
- 2 bldg · 2013
Financials
- Asking price
- $2,195,000
- Price per unit
- $78,393
- Price per sq ft
- $114
- Gross rent / year
- Not stated
- Net operating income
- $84,794
- NOI per unit
- $3,028
- Cap rate
- 3.9%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 28
- Unit mix
- Not stated
- Buildings
- 2
- Year built
- 2013
- Building size
- 19,200 sq ft
- Avg unit size
- 686 sq ft
- Lot size
- Not stated
- Condition
- Not stated
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Sep 16, 2022
- Days on market
- 1,502 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1545
About this property
28 fully furnished corporate units finished in 2013. Granite Countertops, Solid Wood doors, No Carpet, Laundry Room. Asset is off Highway 281 and 3 miles from the 281 & I-37 Intersection and 1.5 miles from the Valero Refinery. Rig counts have been going up in the Eagle Ford Shale as oil prices have increased. This is an opportunity to own a multifamily asset in an area with a severe shortage of housing for oil workers.
28 Furnished Apartment Units in the heart of the Eagle Ford Shale
Highlights
- 28 Furnished Units
- Well Maintained
- Granite Countertops
- No Carpet
•
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
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|---|---|---|---|
 Three Rivers, TXHigh yieldStabilized | $1.2M | $60K$60K | 8.1% |
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 Beeville, TXHigh yieldValue-add | $1.76M | $73K$73K | 8.3% |
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 Beeville, TXHigh yieldStabilized | $1.2M | $60K$60K | 8.6% |
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