Multifamily
For Sale
Contact for pricing
1721 KAY AVE, Bridgeport, TX 76426
Residential property constructed in 1990.
Property Size1,627 SF
Price / SF$184.36
Days on Market55
Property Features for 1721 KAY AVE
General Information
Standard status
Active
Size
1,627 SF
Total Parking Spaces
2
Property subtype
Multifamily
Investment Type
Owner/User
Building Details
Year Built
1990
Stories
1
Units
1
Listing Agency:
RE/MAX Dallas Suburbs
Listed By:
Paul Ruth · License #TX 0593826
(214) 732-8811
Source:
Crexi
Added: Aug 14
Changed: Sep 14
Last Checked: Oct 7 at 11:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Dallas Suburbs
Investment Insights
Based on property information with market context.
This multifamily property at 1721 Kay Ave in Bridgeport, Texas, provides 1,627 square feet of residential space. The property was built in 1990 and is offered for sale.
Key Highlights
- 1,627 SF of residential space
- Constructed in 1990
- Located at 1721 Kay Ave, Bridgeport, TX
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,655
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,100
$213.1K
Cap Rate 7%
$152,214
$152.2K
Cap Rate 9%
$118,389
$118.4K
Market Conditions
NOI Build-Up for 1,627 SF
Gross rent
$22.0K $13.50/SF
− Vacancy
−$2.6K −$1.59/SF
EGI
$19.4K $11.91/SF
− OpEx
−$8.7K −$5.36/SF
NOI
$10.7K $6.55/SF
Area
Wise County, TX
Vacancy
11.80%
Lease Rate
$13.50 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$213,100
Cap Rate 7%
$152,214
Cap Rate 9%
$118,389
Alternative Uses
Best Use
Apartment 5plus
$152.2K
$133.2K – $177.6K
NOI $10,655 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$1.23M
$1.07M – $1.43M
NOI $85,784 @ 7.0% cap · market cap 28.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
394
Businesses Nearby
Explore this area
Business Placement
Demographics for 76426, TX
11,727
Population
4,435
Households
2.6
Avg Household Size
39
Median Age
23%
College-Educated
82%
High-School Grad
130.9 sq mi
ZIP Area
90
Density / Sq Mi
$84,759
Median Household Income
$40,995
Median Earnings
$1,172
Median Rent
$257,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Residential property constructed in 1990.
Where is this multifamily property located?
The property is located at 1721 KAY AVE Bridgeport, TX.
What is the asking price?
The asking price for this property is $299,950.
What are key features of this property?
This property features: 1,627 SF of residential space; Constructed in 1990; Located at 1721 Kay Ave, Bridgeport, TX
