Southern Hills Duplex Apartments | 2900 FM 225 S
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Southern Hills Duplex Apartments 2900 FM 225 S
80 Unit Apartment Building $8,891,234 CAD ($111,140 CAD/Unit) 4.70% Cap Rate Henderson, TX 75654
Investment Highlights
- Outskirts of town, well maintained, quiet, strong management staff
Executive Summary
Outstanding Investment Potential! Welcome to Southern Hills Duplex Apartments, a lucrative investment opportunity where comfortable and convenient living come together. This multi-family apartment community offers an attractive living experience on the outskirts of Henderson TX. With a variety of floorplans, this duplex apartment community offers 1, 2, and 3 bedroom layouts; with the making up of 80 livable units, an onsite leasing office, laundry facility, maintenance shop and several storage areas throughout the community. An excellent location, situated on 10-1/2 landscaped acres and a peaceful country sitting, you are just minutes away from shopping and dining, making a daily commute a breeze. As an upside potential, there is room for rent increases and the possibilities of value-add opportunities, an investment with the likelihood for increased returns. For the duration of the past 10 years, the property has been professionally managed, ensuring tenants’ satisfaction and property upkeep, with preventative maintenance performed as well as prompt attention to all work order repairs asked of the tenants; minimizing capital expenditures for the new owner. Each of the 42 buildings had new roofs replaced in June 2023, with a 20 year shingle and comes with a 20 year transferrable warranty to the new owner. This multi-family duplex community represents a fantastic investment opportunity with a history of strong financial performance and extended stay tenants. Whether you are an experienced investor or new to real estate, this property offers a secure and rewarding venture. Call today to schedule your private showing. Seller has a current survey on file. Financials and other like documents can be provided upon request.
Property Facts
Price | $8,891,234 CAD | Building Class | C |
Price Per Unit | $111,140 CAD | Lot Size | 4.09 AC |
Sale Type | Investment | Building Size | 80,000 SF |
Cap Rate | 4.70% | No. Stories | 2 |
No. Units | 80 | Year Built | 1982 |
Property Type | Multifamily | Parking Ratio | 2.12/1,000 SF |
Property Subtype | Apartment | Opportunity Zone |
Yes
|
Apartment Style | Garden |
Price | $8,891,234 CAD |
Price Per Unit | $111,140 CAD |
Sale Type | Investment |
Cap Rate | 4.70% |
No. Units | 80 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Garden |
Building Class | C |
Lot Size | 4.09 AC |
Building Size | 80,000 SF |
No. Stories | 2 |
Year Built | 1982 |
Parking Ratio | 2.12/1,000 SF |
Opportunity Zone |
Yes |
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- Laundry Service
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 16 | $1,040 CAD | 681 |
2+1 | 48 | $1,183 CAD | 837 |
3+1 | 16 | $1,291 CAD | 993 |
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $6,408,262 CAD | |
Land Assessment | $731,840 CAD | Total Assessment | $7,140,102 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$731,840 CAD
Improvements Assessment
$6,408,262 CAD
Total Assessment
$7,140,102 CAD
zoning
Zoning Code | MF (Multifamily) |
MF (Multifamily) |
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Southern Hills Duplex Apartments | 2900 FM 225 S
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