2001 E 20th St
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2001 E 20th St
10 Unit Apartment Building $850,482 CAD ($85,048 CAD/Unit) 10.08% Cap Rate Hooks, TX 75561
Investment Highlights
- Low Vacancy
- Appliances New
- Recently Renovated
- AC's New
Executive Summary
Discover a prime investment opportunity in Hooks, TX! This fully occupied, newly renovated, and stabilized apartment building is the perfect addition to your portfolio. Located at the corner of Hwy 82 & East 20th, this 10-unit property boasts 100% occupancy, thanks to the abundant employment opportunities nearby. Renovated in 2022 & 2023, this building promises low repairs and maintenance costs for years to come. Don’t miss your chance to invest in a property that offers both immediate and long-term returns. Secure your investment in this thriving community today!
Data Room Click Here to Access
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$113,965
|
$27.97
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$113,965
|
$27.97
|
| Taxes |
$8,080
|
$1.98
|
| Operating Expenses |
$20,071
|
$4.93
|
| Total Expenses |
$28,151
|
$6.91
|
| Net Operating Income |
$85,814
|
$21.06
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $113,965 |
| Annual Per SF | $27.97 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $113,965 |
| Annual Per SF | $27.97 |
| Taxes (CAD) | |
|---|---|
| Annual | $8,080 |
| Annual Per SF | $1.98 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $20,071 |
| Annual Per SF | $4.93 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $28,151 |
| Annual Per SF | $6.91 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $85,814 |
| Annual Per SF | $21.06 |
Property Facts
| Price | $850,482 CAD | Building Class | C |
| Price Per Unit | $85,048 CAD | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 4,075 SF |
| Cap Rate | 10.08% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1982/2023 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $850,482 CAD |
| Price Per Unit | $85,048 CAD |
| Sale Type | Investment |
| Cap Rate | 10.08% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 4,075 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1982/2023 |
| Opportunity Zone |
Yes |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Smoke Free
- Window Coverings
Site Amenities
- 24 Hour Access
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $1,134 CAD | 720 |
| Studios | 1 | $779.61 CAD | 400 |
| 1+1 | 7 | $921.36 CAD | 550 |
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PROPERTY TAXES
| Parcel Number | 09620005400 | Total Assessment | $281,786 CAD (2023) |
| Land Assessment | $16,907 CAD (2023) | Annual Taxes | $8,080 CAD ($1.98 CAD/SF) |
| Improvements Assessment | $264,879 CAD (2023) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
09620005400
Land Assessment
$16,907 CAD (2023)
Improvements Assessment
$264,879 CAD (2023)
Total Assessment
$281,786 CAD (2023)
Annual Taxes
$8,080 CAD ($1.98 CAD/SF)
Tax Year
2024 Payable 2024
zoning
| Zoning Code | Multi Family (Multi family Flood zone) |
| Multi Family (Multi family Flood zone) |
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2001 E 20th St
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