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111 S Broadway St 24 Unit Apartment Building $3,425,136 CAD ($142,714 CAD/Unit) Bells, TX 75414
Investment Highlights
- Located between Sherman and the new Bois D' Arc lake, in downtown Bells, TX.
- Rare investment opportunity to own 24 units in this area.
- All single story 2 bedrooms 1 bath units separately metered for water and electric.
Executive Summary
RARE OPPORTUNITY TO OWN A 24 UNIT APARTMENT COMPLEX. 6 BUILDINGS, EACH BUILDING HAS 4 UNITS. EACH APARTMENT HAS THE FOLLOWING: 2 BEDROOMS 1 BATH ALL SINGLE STORY & ALL SEPERATLEY METERED FOR WATER AND ELECTRICITY. ALL ELECTRIC WITH CENTRAL HEAT AND AIR. PROPERTY HAS ADDITIONAL LAND FOR POSSIBLE EXPANSION LOCATED IN THE HEART OF DOWNTOWN BELLS, TX DIRECTLY BETWEEN THE TREMENDOUS GROWTH OF SHERMAN AND THE NEW BOIS D ARC LAKE. RECENT CAPTIAL IMPROVEMENTS INCLUDE, ROOF REPLACED ON ALL 6 BUILDINGS IN 2023, EXTERIOR SIDING REPLACED ON MOST BUILDINGS 2023, EXTERIOR PAINTED AND FRONT PORCH SUPPORT BEAMS REPLACED AND STAINED. LISTING AGENT IS PART OWNER.
Property Facts
| Price | $3,425,136 CAD | Apartment Style | Garden |
| Price Per Unit | $142,714 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.92 AC |
| No. Units | 24 | Building Size | 18,468 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1982 |
| Zoning | B2 - Real Residential Apartments | ||
| Price | $3,425,136 CAD |
| Price Per Unit | $142,714 CAD |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.92 AC |
| Building Size | 18,468 SF |
| No. Stories | 1 |
| Year Built | 1982 |
| Zoning | B2 - Real Residential Apartments |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 24 | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 138347 | Improvements Assessment | $1,899,129 CAD |
| Land Assessment | $125,282 CAD | Total Assessment | $2,024,410 CAD |
Property Taxes
Parcel Number
138347
Land Assessment
$125,282 CAD
Improvements Assessment
$1,899,129 CAD
Total Assessment
$2,024,410 CAD
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111 S Broadway St
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