Contacts
Tom Johnston
SVN | SFRhub Marketplace
Property Details
- Property Type Multi-Family
- Property Size 577,016 SF
- Units 332
- Year Built 1991
- Date Updated Mar 3, 2025
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Highlights
- Significant upside with cash flow and embedded equity day one
- Opportunity to purchase in bulk and/or per MSA
- In place assumable loans, 5.97% blended loan assumption in bulk
- 5.74% assumable loan in place for Corpus Christi portfolio
- 6.52% assumable loan in place for DFW portfolio
- Extremely risk mitigated investment opportunity
- Institutionally managed and operated portfolio for several years
- Continued supply challenged market driving further rent and value growth
- Ninety-nine (99%) percent 3 & 4 bedroom homes, remaining 1% are 5 bedroom homes
- Strong in place cash flow with discount to retail pricing opportunity
- Historically strong occupancy averaging 95%-96%
- Lagging supply of single-family homes and higher for longer mortgage rates driving rentership and revenue growth
- All SVN® Offices Are Independently Owned & Operated
- Local Broker License Information: www.SFRhub.com/realestatelicensing
Getting around
-
25/100
Bike Score ®
Powered by Walk Score ®
Location
- City Across Texas, TX
- Neighborhood Iola
- Zip Code 75228
Points of Interest
-
Exxon
7.18 miles
-
Valero
7.23 miles
-
Bedias Citgo and General Store
9.41 miles
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North Zulch Grocery
7.25 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Tom Johnston
SVN | SFRhub Marketplace