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Investment Highlights

  • 28 furnished units
  • Granite Countertops
  • Well Maintained
  • Eagle Ford Shale Location

Executive Summary

28 fully furnished corporate units finished in 2013. Granite Countertops, Solid Wood doors, No Carpet, Laundry Room. Asset is off Highway 281 and 3 miles from the 281 & I-37 Intersection and 1.5 miles from the Valero Refinery. Rig counts have been going up in the Eagle Ford Shale as oil prices have increased. This is an opportunity to own a multifamily asset in an area with a severe shortage of housing for oil workers.

Data Room Click Here to Access

Financial Summary (Pro Forma - 2024) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro Forma - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $2,994,507 CAD
Price Per Unit $106,947 CAD
Sale Type Investment
No. Units 28
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.86 AC
Building Size 19,200 SF
Average Occupancy 100%
No. Stories 2
Year Built 2012

Amenities

Unit Amenities

  • Washer/Dryer Hookup
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Oven
  • Range
  • Wi-Fi

Site Amenities

  • 24 Hour Access
  • Furnished Units Available

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 28 - 500 - 900
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
0040-0001-0040-00
Land Assessment
$53,088 CAD (2025)
Improvements Assessment
$699,015 CAD (2025)
Total Assessment
$752,103 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
  • Listing ID: 26321736

  • Date on Market: 2022-08-03

  • Last Updated:

  • Address: 1609 N Hill St, Three Rivers, TX 78071

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