1310 S 23rd Street

    Temple, TX 76504
    • $704,620
    • STATUS: Active
    • ON SITE: 14 days
    • MLS #: 14088624
    $704,620
    • 0
      BEDS
    • 0.43
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1975
    County:

    School Ratings & Info

    Offered by Diane Alexander of Southwest Partners Global International Realty.

    Description

    10 CAP. 16 Unit Multi-Family. 88 percent occupancy.2017 Tax Return $70,462 NOI. Proforma $29,603 Net Cash Flow.No rent increase since 2017. Increase rents 5% and lease 2 vacant units to increase Net Cash Flow by 65% to $48,941. At 5 MIN drive time, 31,966 daytime workforce vs. 13,468 residents indicating unmet demand for local housing. % of daytime workforce vs. residents is 65% higher at 5 MIN drive time vs. Temple. Adjoining census tracts to north and east are HUD Qualified Census Tracts confirming unmet local demand for low income housing.On site manager in lieu of rent. 18,900 SF lot. Not in Flood Zone. Temple ISD.56 Walkscore. Under 1 MI to Scott & White and VA Hospitals & S&W Santa Fe Clinic

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    © 2019 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Town & Country. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than RE/MAX Town & Country are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2019-05-25T23:40:53.377.
    www.rmxtc.com/homes/94688576

    1310 S 23rd Street Temple, TX 76504

    • Price: $704,620
    • Status: Active
    • MLS #: 14088624
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.43
    Acres
    1975
    Built
    Neighborhood:
    Tal-Coe Place
    County:
    Bell
    Area:
    South Of Service
    Property Description
    10 CAP. 16 Unit Multi-Family. 88 percent occupancy.2017 Tax Return $70,462 NOI. Proforma $29,603 Net Cash Flow.No rent increase since 2017. Increase rents 5% and lease 2 vacant units to increase Net Cash Flow by 65% to $48,941. At 5 MIN drive time, 31,966 daytime workforce vs. 13,468 residents indicating unmet demand for local housing. % of daytime workforce vs. residents is 65% higher at 5 MIN drive time vs. Temple. Adjoining census tracts to north and east are HUD Qualified Census Tracts confirming unmet local demand for low income housing.On site manager in lieu of rent. 18,900 SF lot. Not in Flood Zone. Temple ISD.56 Walkscore. Under 1 MI to Scott & White and VA Hospitals & S&W Santa Fe Clinic
    Exterior Features

    Construction Frame/Brick Trim Construction Materials Walls Paneling Foundation Slab Lot Dimensions 135X140 Parking Or Garage Common LotOpenUnassigned Spaces Road Frontage Distance 135 Road Frontage Type CityConcreteCurbs/Gutters Roof Other Topography Level Waterfront YN No

    Interior Features

    Ceiling Height 8 To10 Feet Commercial Features Fire Alarm Flooring CarpetLaminate Heating Central Air-ElecCentral Heat-Elec Sq Ft Building 7228 Sq Ft Gross 7228 Sq Ft Leasable 7228

    Property Features

    Alarm Or Security Type Fire/Smoke Average Monthly Lease 524 Building Area Source Tax Building Use Other Commercial Zoning Mf-2 Construction Status Preowned Gross Annual Expenses 29008 Gross Annual Income 99470 Inclusions Land & Improvements Income Expense Source Tax Return Leasable Spaces 16 Leased Spaces 14 Lot Size Source Tax Multi Zoning No Municipal Utility District No Net Annual Income 70462 Occupancy Rate 88 Owner Pays Water/Sewer/Trash Possession Closing/Funding Property Type Com-Sale Proposed Financing CashConventionalTrade/Exchange Special Notes Aerial Photo Tenant Pays Electric Total Annual Expenses Include Common AreaMaintenanceManagementTaxesWater/Sewer/Trash Unexempt Taxes 5514 Utilities City SewerCity WaterCurbs Will Subdivide No

    Listing information © 2019 North Texas Real Estate Information System.


    © 2019 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Town & Country. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than RE/MAX Town & Country are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2019-05-25T23:40:53.377.
     
    RE/MAX Town & Country
    301 S Watters Road
    Allen TX, 75013
    Offered by Diane Alexander of Southwest Partners Global International Realty.