1 / 24Stabilized
$589,000
9-Unit Multifamily in Clarksville, TX
Red River County, TX · listed Aug 19, 2024 (800 days)
Price per unit compared
This property$65K
Within ~40 mi (6)$52K
Texas median (1,029)$100K
- $/unit
- $65,444
- ▼ 35% vs TX · 19th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 9
- 1 bldg · 1976
Financials
- Asking price
- $589,000
- Price per unit
- $65,444
- Price per sq ft
- Not stated
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 9
- Unit mix
- Not stated
- Buildings
- 1
- Year built
- 1976
- Building size
- Not stated
- Avg unit size
- Not stated
- Lot size
- 0.9 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Aug 19, 2024
- Days on market
- 800 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1992
About this property
Situated in Red River County, this multifamily property includes a two-story building with 6,400 square feet on a 0.90-acre lot, zoned MF-33.
The fully occupied apartment community features 9 units and is ideal for residential rental income.
Nearby neighborhoods include Beverly Heights and Rosehill. Plus, the parking lot offers ample space with around a dozen spots available for your convenience.
MF 100% occupied, 9 units.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Clarksville, TX | $450K | $45K$45K | 10%gy |
 Talco, TX▼ 7% cutHigh yield | $700K | $58K$58K | 11% |
 Mt Pleasant, TXHigh yield | $875K | $46K$46K | 13%gy |
 Winnsboro, TXStabilized | $550K | $69K$69K | 10.6%gy |
 Paris, TXStabilized | $1.2M | $46K$46K | — |
 Mt Pleasant, TXStabilized | $2.6M | $104K$104K | 10.4%gy |