32 Unit Apartment Complex 91% Occupancy

32 Unit Apartment Complex

Contact Details Below

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Unit Count:

16 - 1 Bedroom/1 Bath

16 - 2 Bedroom/1 Bath

Sq Ft: 24,156 (total)

Lot Sq Ft: 95,136 (2.18 acres)

Built: 1970

3 sets of washer and dryers have increased additional income of $400+ per month

1304 Royal Ln

Cisco, TX 76437

Price: $1,799,000

This amazing 1970s build will be the perfect addition to your portfolio. Currently at 91% occupancy. Onsite coin operated laundry room with 3 sets of washers and dryers. The empty lot next to the current builds adds a lot of potential for more units. Rent hasn't been increased in 5 years. Go in and increase the rent without any rehab to increase cash flow immediately. All units have central AC, office was converted into a 1/1 and one staircase needs repair.

Apartments are currently self managed.

Increase rent per unit when you take over to see immediate return without any rehab costs! Rent hasn't been raised in 5 years.

Market Rent

2/1-$900

1/1-$750

Full occupancy

$26,400/month

$316,800/year

Increase Current Rent

2/1-$700

1/1-$600

Full occupancy (without any work)

$20,800/month

$249,600/year

Unit	Size	Current Rent	Lease Term
1304-1	1/1	$-	Vacant
1304-2	2/1	$550	MTM
1304-3	1/1	$450	MTM
1304-4	2/1	$550	MTM
1304-5	1/1	$500	MTM
1304-6	2/1	$-	Vacant
1304-7	1/1	$500	Jan 2023
1304-8	2/1	$550	MTM
1306-1	1/1	$500	MTM
1306-2	2/1	$450	MTM
1306-3	1/1	$500	April 2023
1306-4	2/1	$550	MTM
1306-5	1/1	$450	MTM
1306-6	2/1	$600	March 2023
1306-7	1/1	$325	MTM
1306-8	2/1	$550	MTM
1308-1	1/1	$450	MTM
1308-2	2/1	$550	MTM
1308-3	1/1	$500	July 2023
1308-4	2/1	$600	MTM

1308-5	1/1	$500	Nov 2022
1308-6	2/1	$550	MTM
1308-7	1/1	$450	MTM
1308-8	2/1	$600	MTM
1310-1	1/1	$450	MTM
1310-2	2/1	$550	MTM
1310-3	1/1	$-	Vacant
1310-4	2/1	$600	Dec 2022
1310-5	1/1	$500	June 2023
1310-6	2/1	$550	MTM
1310-7	1/1	$500	July 2023
1310-8	2/1	$550	MTM
		TOTAL RENT:
		$14,925
	With added income:	$15,325

Property is being sold as-is, cash or hard money buyers only, buyer pays standard closing costs. Buyer to inspect the property and perform all due diligence. A $20,000 deposit and signed contract is needed to secure the property.

Title has been opened and will not be moved.

Memo has been filed for our protection.

Call/text/email us immediately to secure your opportunity in this investment.

Allix Eckermann

General Manager

254-493-6540

allix@investorade.com

Maria Peinado

Dispositions Manager

214-278-4919

maria@investorade.com

Erik Malagon

Dispositions Manager

214-764-3550

erik@investorade.com

"When investors win, we win."

Blake DeWitt, CEO

Investorade, LLC is selling an option or assigning an interest in a contract and does not represent, warrant or claim to be the owner of or currently possess legal title to any of the properties we market for sale. All properties subject to errors, omissions, deletions, additions, cancellation. All properties sold as is, where is with absolutely no representations written or oral. Buyer is to do their own independent due diligence. Property will not be considered under contract until signed contract and deposit received with all contingencies removed. Investorade, LLC is a real estate investment firm and does not claim to be licensed real estate brokers or agents.