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Plaza Duplexes 501-524 Plaza Dr 24 Unit Apartment Building For Sale Slaton, TX 79364
Investment Highlights
- Opportunity to raise rents - $135 below closest apartment comp
- One story duplex units with washer/dryer connections
- Opportunity to reduce water bill and start billing back to residents
Executive Summary
The Plaza is a 24 unit apartment community made up of 12 one story duplexes. They are all 2 Bed / 1 Bath units, with washer/dryer connections in each unit. They have strong current occupancy and there is room for rent increases. Property manager says they haven't raised rents in 5 years. Rents are about $135 below the 2 bedroom units in the apartment complex nearby. There is also an opportunity to reduce the utility costs and start billing back the water to the residents. The current water bill is about 2 times higher than the expense comps we have for the area. Good operational improvements will drive higher returns for the new owner.
To view the financials follow this link: https://buildout.com/website/1631253-sale
To view the financials follow this link: https://buildout.com/website/1631253-sale
Property Facts
| Sale Type | Investment | Lot Size | 1.82 AC |
| No. Units | 24 | Building Size | 23,520 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1996 |
| Apartment Style | Garden | Parking Ratio | 0.85/1,000 SF |
| Building Class | C | Cross Streets | Division |
| Zoning | N/A | ||
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.82 AC |
| Building Size | 23,520 SF |
| No. Stories | 1 |
| Year Built | 1996 |
| Parking Ratio | 0.85/1,000 SF |
| Cross Streets | Division |
| Zoning | N/A |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer Hookup
- Heating
- Refrigerator
- Range
- Tub/Shower
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
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Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $338,985 CAD | |
| Land Assessment | $23,029 CAD | Total Assessment | $362,014 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$23,029 CAD
Improvements Assessment
$338,985 CAD
Total Assessment
$362,014 CAD
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Plaza Duplexes | 501-524 Plaza Dr
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