Description
$950,000 Official Appraised After-Repair Value (per Barletta and Associates, Inc.). Appraiser estimates that over $82,000 in yearly net operating income will follow the rehab. This is a wonderful opportunity for yield-seeking investors due to local 8.5-9% cap rates. Current calculation of after-repair value involves conversion of the office area into a laundry facility, rebuilding of unit #1 into 2-bedroom unit, and conversion of unit#9 into a 2-bedroom unit. Contact agent for information related to recent appraisal and environmental phase I report (with favorable results). The property's lot includes 40,946 square feet which provides ample room for constructing additional units. Located only 45 minutes from Dallas city limits. Please also see attached addenda for more information and additional guidance.
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0BEDS
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0.94ACRES
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0BATHS
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01/2 BATHS
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5,520SQFT
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$55$/SQFT
School Information
Description
$950,000 Official Appraised After-Repair Value (per Barletta and Associates, Inc.). Appraiser estimates that over $82,000 in yearly net operating income will follow the rehab. This is a wonderful opportunity for yield-seeking investors due to local 8.5-9% cap rates. Current calculation of after-repair value involves conversion of the office area into a laundry facility, rebuilding of unit #1 into 2-bedroom unit, and conversion of unit#9 into a 2-bedroom unit. Contact agent for information related to recent appraisal and environmental phase I report (with favorable results). The property's lot includes 40,946 square feet which provides ample room for constructing additional units. Located only 45 minutes from Dallas city limits. Please also see attached addenda for more information and additional guidance.