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2001 E 20th St 10 Unit Apartment Building $802,654 CAD ($80,265 CAD/Unit) 10.52% Cap Rate Hooks, TX 75561
INVESTMENT HIGHLIGHTS
- Low Vacancy
- Appliances New
- Recently Renovated
- AC's New
EXECUTIVE SUMMARY
Discover a prime investment opportunity in Hooks, TX! This fully occupied, newly renovated, and stabilized apartment building is the perfect addition to your portfolio. Located at the corner of Hwy 82 & East 20th, this 10-unit property boasts 100% occupancy, thanks to the abundant employment opportunities nearby. Renovated in 2022 & 2023, this building promises low repairs and maintenance costs for years to come. Don’t miss your chance to invest in a property that offers both immediate and long-term returns. Secure your investment in this thriving community today!
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$112,232
|
$27.54
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$112,232
|
$27.54
|
| Taxes |
$7,957
|
$1.95
|
| Operating Expenses |
$19,766
|
$4.85
|
| Total Expenses |
$27,723
|
$6.80
|
| Net Operating Income |
$84,509
|
$20.74
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $112,232 |
| Annual Per SF | $27.54 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $112,232 |
| Annual Per SF | $27.54 |
| Taxes (CAD) | |
|---|---|
| Annual | $7,957 |
| Annual Per SF | $1.95 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $19,766 |
| Annual Per SF | $4.85 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $27,723 |
| Annual Per SF | $6.80 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $84,509 |
| Annual Per SF | $20.74 |
PROPERTY FACTS
| Price | $802,654 CAD | Building Class | C |
| Price Per Unit | $80,265 CAD | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 4,075 SF |
| Cap Rate | 10.52% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1982/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.7/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | Multi Family - Multi family Flood zone | ||
| Price | $802,654 CAD |
| Price Per Unit | $80,265 CAD |
| Sale Type | Investment |
| Cap Rate | 10.52% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 4,075 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1982/2023 |
| Parking Ratio | 1.7/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Multi Family - Multi family Flood zone |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Smoke Free
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $1,117 CAD | 720 |
| Studios | 1 | $767.76 CAD | 400 |
| 1+1 | 7 | $907.35 CAD | 550 |
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PROPERTY TAXES
| Parcel Number | 09620005400 | Total Assessment | $406,132 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | $7,957 CAD ($1.95 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
09620005400
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$406,132 CAD (2025)
Annual Taxes
$7,957 CAD ($1.95 CAD/SF)
Tax Year
2024 Payable 2024
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2001 E 20th St
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