9464 US Highway 180 W
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
9464 US Highway 180 W
6 Unit Apartment Building $453,590 CAD ($75,598 CAD/Unit) 10.14% Cap Rate Breckenridge, TX 76424
Investment Highlights
- Units are 10 min or less from lake
- Opportunity grow larger
- The land has 8 hookups for RV's
Executive Summary
GREAT income potential property. Next to Hubbard Creek Lake. Not utilized to full potential. Room for expansion. 8+RV spots not leased. 3 units leased. 3 not leased for sale. 6x6 storage bldg. Demand is there to increase rents to $650month. Zoned multi family, RV market rental rate is $300month added income potential is $2400month. We have 3 units leased at $550.00. Owner pays for water trash and sewer. Currently owner pays trash $90mo, water $200month.New owner should consider passing utility expenses onto tenants to increase income $3,480.00 per yr. Property unrealized income potential of additional $25,000.00. Only one block away from the lake.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$66,338
|
$20.78
|
| Other Income |
$13,608
|
$4.26
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$79,945
|
$25.05
|
| Taxes |
$3,904
|
$1.22
|
| Operating Expenses |
$6,379
|
$2.00
|
| Total Expenses |
$10,282
|
$3.22
|
| Net Operating Income |
$69,663
|
$21.82
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $66,338 |
| Annual Per SF | $20.78 |
| Other Income (CAD) | |
|---|---|
| Annual | $13,608 |
| Annual Per SF | $4.26 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $79,945 |
| Annual Per SF | $25.05 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,904 |
| Annual Per SF | $1.22 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $6,379 |
| Annual Per SF | $2.00 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $10,282 |
| Annual Per SF | $3.22 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $69,663 |
| Annual Per SF | $21.82 |
Property Facts
Unit Amenities
- Air Conditioning
- Ceiling Fans
- Eat-in Kitchen
- Dining Room
Site Amenities
- Lake Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $885.92 CAD | 550 - 800 |
1 of 1
PROPERTY TAXES
| Parcel Number | R17693 | Total Assessment | $237,318 CAD (2024) |
| Land Assessment | $37,723 CAD (2024) | Annual Taxes | $3,904 CAD ($1.22 CAD/SF) |
| Improvements Assessment | $199,595 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
R17693
Land Assessment
$37,723 CAD (2024)
Improvements Assessment
$199,595 CAD (2024)
Total Assessment
$237,318 CAD (2024)
Annual Taxes
$3,904 CAD ($1.22 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | Residential (Res) |
| Residential (Res) |
-
Francis Krebs - WinHill Advisors - DFW
1 of 21
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
WinHill Advisors - DFW
9464 US Highway 180 W
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.