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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,624 sqft
Price per Sqft $196
Subdivision M Ot
MLS Listing ID 5766396
Year Built 1997
Annual Tax Amount $14,000
Tax Year 2025
Lot Size 0.950 Acres
Acres 0.95
Property Sub-Type Multi Family
Source actris
Property Description
from convenient access to Highway 84, Highway 36, and the I-35 corridor, supporting strong regional connectivity while still offering tenants the appeal of small-town living in a supply-constrained rental market. The properties are professionally managed, allowing for a seamless and hands-off transition for a new owner, and the portfolio underwent a comprehensive rehabilitation completed in July 2024, significantly limiting near-term capital expenditure requirements. The portfolio consists of five 2-bedroom, 1.5-bath homes and two 3-bedroom homes situated across two parcels totaling approximately 0.95 acres. Each residence features durable exterior finishes, including limestone siding and metal roofs, along with tenant-ready interiors incorporating tile and luxury vinyl plank flooring and functional, in-demand layouts appealing to long-term renters. The portfolio is currently 100% leased, generating combined monthly rental income of $9,270 and estimated gross annual income of $111,240, providing immediate and predictable cash flow. Minimal historical vacancy, strong tenant payment performance, and a standing waiting list underscore the depth of tenant demand, even following post-renovation rent increases. Additional investment advantages include combined annual property taxes of approximately $14,000, which are well below regional averages for similar income levels, as well as opportunities for continued operational efficiencies, longterm hold stability, and future flexibility to explore individual home sales, subject to buyer due diligence.
Location
State TX
County Mclennan
Area Out Of Area
Interior
Heating Central
Cooling Central Air
Flooring Tile, Vinyl
Fireplace N
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Accessibility None
Total Parking Spaces 14
Building
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Masonry – Partial
New Construction No
Others
Restrictions Deed Restrictions
Acceptable Financing Conventional
Tax Rate 1.99
Listing Terms Conventional
Special Listing Condition Real Estate Owned
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Victor A Aguilar
Agent/Team Lead | License ID: 0653089
Agent/Team Lead License ID: 0653089