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113 N Armstrong Ave Tulia TX 113 N Armstrong Ave 3 Unit Apartment Building $209,280 CAD ($69,760 CAD/Unit) 9.46% Cap Rate Tulia, TX 79088

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EXECUTIVE SUMMARY

This property has 3 units, the first is a 4 bedroom home with 2 full baths. Property has been rented for the last 10 year with no rent increases. $650 a month. There are two additional 1 bedroom apartments in the back. The bottom unit is rented to a local law enforcement agent for $600 a month. The top units needs rehab finished, some supplies will be left for the new buyer. Great opportunity! Contact me for further details.
Unit SF are only approx.

PROPERTY FACTS

Price	$209,280 CAD	Apartment Style	Low-Rise
Price Per Unit	$69,760 CAD	Building Class	C
Sale Type	Investment	Building Size	3,888 SF
Cap Rate	9.46%	Average Occupancy	67%
No. Units	3	No. Stories	2
Property Type	Multifamily	Year Built	1946
Property Subtype	Apartment Multifamily Apartments

Price	$209,280 CAD
Price Per Unit	$69,760 CAD
Sale Type	Investment
Cap Rate	9.46%
No. Units	3
Property Type	Multifamily
Property Subtype	Apartment Multifamily Apartments
Apartment Style	Low-Rise
Building Class	C
Building Size	3,888 SF
Average Occupancy	67%
No. Stories	2
Year Built	1946