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700 W Ave G Apartments 700 W Avenue G 18 Unit Apartment Building $2,273,667 CAD ($126,315 CAD/Unit) 7.70% Cap Rate Garland, TX 75040
Investment Highlights
- Excellent cash flowing investment opportunity
- Near Downtown Garland
- Mature, safe and quiet location
Executive Summary
Owner has management options available ( resident manager or other ) if desired.
Please do not disturb tenants.
Please do not disturb tenants.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$269,180
|
$29.71
|
| Other Income |
$1,378
|
$0.15
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$270,558
|
$29.86
|
| Taxes |
$28,626
|
$3.16
|
| Operating Expenses |
$66,777
|
$7.37
|
| Total Expenses |
$95,403
|
$10.53
|
| Net Operating Income |
$175,155
|
$19.33
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $269,180 |
| Annual Per SF | $29.71 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,378 |
| Annual Per SF | $0.15 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $270,558 |
| Annual Per SF | $29.86 |
| Taxes (CAD) | |
|---|---|
| Annual | $28,626 |
| Annual Per SF | $3.16 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $66,777 |
| Annual Per SF | $7.37 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $95,403 |
| Annual Per SF | $10.53 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $175,155 |
| Annual Per SF | $19.33 |
Property Facts
| Price | $2,273,667 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $126,315 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.74 AC |
| Cap Rate | 7.70% | Building Size | 9,060 SF |
| Gross Rent Multiplier | 8.45 | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 3.2/1,000 SF |
| Zoning | MF, Garland | ||
| Price | $2,273,667 CAD |
| Price Per Unit | $126,315 CAD |
| Sale Type | Investment |
| Cap Rate | 7.70% |
| Gross Rent Multiplier | 8.45 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.74 AC |
| Building Size | 9,060 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1963 |
| Parking Ratio | 3.2/1,000 SF |
| Zoning | MF, Garland |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Yard
- Porch
- Vinyl Flooring
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | $1,306 CAD | 600 - 670 |
| 2+2 | 2 | $1,636 CAD | 1,200 |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 26165500330010000 | Total Assessment | $1,512,456 CAD |
| Land Assessment | $442,132 CAD | Annual Taxes | $28,626 CAD ($3.16 CAD/SF) |
| Improvements Assessment | $1,070,324 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
26165500330010000
Land Assessment
$442,132 CAD
Improvements Assessment
$1,070,324 CAD
Total Assessment
$1,512,456 CAD
Annual Taxes
$28,626 CAD ($3.16 CAD/SF)
Tax Year
2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
Steve Bones Co, Realty
700 W Ave G Apartments | 700 W Avenue G
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