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Executive Summary

Excellent investment opportunity featuring an 8 unit multifamily property offered at $700,000. The property offered generates approximately $104,640 in annual gross rental income with an estimated NOI of $71,262. Attractive cap rate of 10.18% . All the units are fully occupied

Property Facts

Price $969,675 CAD
Price Per Unit $96,967 CAD
Sale Type Investment
Cap Rate 10.18%
Sale Condition Deferred Maintenance
Gross Rent Multiplier 6.69
No. Units 10
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.21 AC
Building Size 3,256 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1955/2022

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Ceiling Fans
  • Vinyl Flooring

Site Amenities

  • Fenced Lot
  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 10 $1,316 CAD -
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
27101
Land Assessment
$48,275 CAD
Improvements Assessment
$583,070 CAD
Total Assessment
$631,344 CAD
  • Listing ID: 41964200

  • Date on Market: 2026-09-01

  • Last Updated:

  • Address: 1520 D St, Floresville, TX 78114

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