8-Unit Multifamily in Flint, TX

Smith County, TX · listed Jun 10, 2025 (505 days)

Price per unit compared

This property$318K

Within ~40 mi (62)$32K

Texas median (1,196)$92K

$/unit: $317,625; ▲ 245% vs TX · 95th pct
Cap rate: —
NOI: $125K; $15,659/unit/yr
Units: 8; 1 bldg · 2023

Financials

Asking price: $2,541,000
Price per unit: $317,625
Price per sq ft: $197
Gross rent / year: $181,992
Net operating income: $125,268
NOI per unit: $15,659
Cap rate: Not stated
Gross yield: 7.2%gross rent ÷ price
Occupancy: 100%

As stated by the seller. Verify during due diligence.

Building

Units: 8
Unit mix: Per Unit: 3 bedroom, 2 bathroom
Buildings: 1
Year built: 2023
Building size: 12,888 sq ft
Avg unit size: 1,611 sq ft
Lot size: 2.07 acres
Condition: Value-add

Deal terms

Owner financing: Not stated

Listing

Listed: Jun 10, 2025
Days on market: 505 days
On MultifamilyRadar: Oct 28, 2026
Last price change: Not stated
Location: Approximate (~0.5 mi)
Listing #: 1201

About this property

The Shires - New 8 Unit Townhome Complex. Newly constructed and 100% occupied 8-unit townhome complex in Flint, Texas with value-add upside! Purchasers will have the opportunity to develop 20 more units on an additional 1.5 acres primed for vertical construction. Highlights: • Year 1 NOI: $125,268. • Additional land + infrastructure for developers. • Per Unit: 3 bedroom, 2 bathroom. ~ $1,896 rent per mo. ~ 1,400 SF. • 16 parking spots (2 per unit). • Modern interior finishes. Contact agent for OM.

Multi-family

Location

Approximate area. The exact address is shared on request.

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