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Decatur Multifamily 2482 N Trinity St 25 Unit Apartment Building $6,890,000 CAD ($275,600 CAD/Unit) 5.72% Cap Rate Decatur, TX 76234
Investment Highlights
- Historically high occupancy
- Excellent regional access
- Strategic North Texas location
- Undeveloped portion of the property can be developed
Executive Summary
CURRENTLY CONFIGURED WITH 9 SINGLE FAMILY HOMES, 7 APARTMENT UNITS AND ONE OFFICE WITH HISTORICALLY HIGH OCCUPANCY. A PORTION OF THE PROPERTY REMAINS UNDEVELOPED AND CAN BE DEVELOPED IF ANNEXED INTO THE CITY AND SEWER TIED IN.
Property Facts
| Price | $6,890,000 CAD | Apartment Style | Garden |
| Price Per Unit | $275,600 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 6.76 AC |
| Cap Rate | 5.72% | Building Size | 56,629 SF |
| No. Units | 25 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | A1 | ||
| Price | $6,890,000 CAD |
| Price Per Unit | $275,600 CAD |
| Sale Type | Investment |
| Cap Rate | 5.72% |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 6.76 AC |
| Building Size | 56,629 SF |
| No. Stories | 2 |
| Year Built | 1955 |
| Opportunity Zone |
Yes |
| Zoning | A1 |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Pond
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | A0067000100 | Improvements Assessment | $4,959,791 CAD |
| Land Assessment | $332,228 CAD | Total Assessment | $5,292,019 CAD |
Property Taxes
Parcel Number
A0067000100
Land Assessment
$332,228 CAD
Improvements Assessment
$4,959,791 CAD
Total Assessment
$5,292,019 CAD
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Decatur Multifamily | 2482 N Trinity St
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