8-Unit Multifamily in Brady, TX
Mcculloch County, TX · listed May 9, 2025 (537 days)
- $/unit
- $32,375
- ▼ 65% vs TX · 7th pct
- Cap rate
- 9.5%
- ▲ 2.1 pts vs TX median
- Gross yield
- —
- Units
- 8
- 1 bldg · 1976
Financials
- Asking price
- $259,000
- Price per unit
- $32,375
- Price per sq ft
- Not stated
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- 9.5%
- Gross yield
- Not stated
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 8
- Unit mix
- Not stated
- Buildings
- 1
- Year built
- 1976
- Building size
- Not stated
- Avg unit size
- Not stated
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- May 9, 2025
- Days on market
- 537 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1322
About this property
Property Description
The Go-Getters Multifamily Team is proud to present the exclusive listing of The Southgate Apartments.
This 8-unit property was originally built in 1976 and offers a strong value-add investment opportunity. Currently 100% occupied, the property provides day 1 cash flow with a 9.5% cap rate on actuals, making it an attractive option for investors seeking immediate returns. In addition to the strong in-place performance, below-market rents offer clear upside potential through strategic rent increases and operational improvements.
Location Description
Brady, TX is centrally located along U.S. Highways 87, 190, and 377, making it a key connection point between Central and West Texas. The Southgate Apartments are just minutes from major local employers like the Heart of Texas Healthcare System, the City of Brady, and the West Texas Rehabilitation Center. The property is also within 0.5 miles of Brady Elementary, Middle, and High School, making it ideal for families and local workers.
To view the financials:
Multifamily | 8 Units
Highlights
- 9.5% Cap Rate on Actuals
- 100% Occupancy
- Large Rental Upside
Location
Approximate area. The exact address is shared on request.
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