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2428 S Fannin Ave 8 Unit Apartment Building Offered at $2,200,692 CAD at a 5.86% Cap Rate Denison, TX 75020
Investment Highlights
- Build in 2022 (record shows 2021 but actual is 2022)
- Fast growing North Texas Area Denison
Executive Summary
Built in 2022, this well-maintained four full duplexes offers an excellent opportunity in one of Denison’s fastest-growing areas, surrounded by ongoing new development and convenient freeway access. Each unit features a two-story layout with 3 bedrooms and 3 full bathrooms (one duplex has 2 bathrooms), offering modern functionality and strong tenant appeal. All units are currently occupied. Most under market rent. This deal makes an ideal option for an investor looking to 1031 exchange. With newer construction, flexible occupancy, and a location positioned for continued growth, this property offers both stability and upside. Easy access to major highways enhances commuter convenience and long-term rental demand. A solid opportunity to own a turnkey duplex in a rapidly expanding North Texas market.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $2,200,692 CAD | Property Type | Multifamily |
| Price Per Unit | $275,086 CAD | Apartment Style | Townhome |
| Sale Type | Investment | Building Size | 20,236 SF |
| Cap Rate | 5.86% | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.61 | No. Stories | 2 |
| No. Units | 8 | Year Built | 2022 |
| Zoning | Residential - Residential Duplexes | ||
| Price | $2,200,692 CAD |
| Price Per Unit | $275,086 CAD |
| Sale Type | Investment |
| Cap Rate | 5.86% |
| Gross Rent Multiplier | 11.61 |
| No. Units | 8 |
| Property Type | Multifamily |
| Apartment Style | Townhome |
| Building Size | 20,236 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2022 |
| Zoning | Residential - Residential Duplexes |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Wi-Fi
- Yard
- Attic
- Breakfast Nook
- Dining Room
- Family Room
- Island Kitchen
- Lawn
- Linen Closet
- Pantry
- Patio
- Smoke Free
- Vinyl Flooring
- Window Coverings
Site Amenities
- Private Bathroom
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
First American Real Estate & Management Services L
2428 S Fannin Ave
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