$762,000

1400 Woodbine St

Bellmead TX, 76705

Description

Waller Group Properties is proud to present this 16 unit Multifamily property in Waco, TX. Built in 1979, this Class C property is currently operating at an NOI of $61,992 at an 8.14% cap rate on actuals. The property features 14 Studio units (495 SF) and 2 Duplex units (885 SF). This is a turnkey investment, presenting new ownership with the opportunity to capitalize on below market rents on newly renovated units. This investment offers an unlevered IRR of 12.56%. *********OFFERING MEMORANDUM in attachments *****************

Details

MLS#14434894
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1979
Days On Site13

Features

SQ Feet8,700
Units16
Building(s)2
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Area Information
StateTX
CountyMcLennan
CityBellmead
Zip Code76705
AreaMCLENNAN COUNTY (156)
Listing VS Median (in 76705)
Price:
$762,000
low | high
Med:
$289,850
100% of Average
SqFt:
8,700
low | high
Med:
1,699
100% of Average
$ / SqFt:
$88
low | high
Med:
$165
38.949953657072% of Average
On Site:
13
low | high
Med:
141
9.219858156028% of Average
Listing Updated: 09/27/2020
Logan Waller LogoMLS Number: 14434894
Listing Provided By:
Logan Waller  of  Waller Group LLC

All information provided by seller and is deemed to be correct, but is not guaranteed.  Buyer to verify and satisfy themselves with all information listed including but not limited to lot size, room sizes and square footage.  Buyers are encouraged to have property inspected by inspector of their choice.  Price subject to change.