Apartment Building with Storage
For Sale
Contact for pricing
3201 Southwest Drive Unit 5, Wichita Falls, TX 76306
Multifamily property with a paved parking area, outdoor green space, and a mix of occupied and vacant units.
Property Size4,984 SF
Price / SF$90.29
Days on Market219
Property Features for 3201 Southwest Drive Unit 5
General Information
Standard status
Active
Size
4,984 SF
Property subtype
Multifamily
Investment Type
Value Add
Units
Unit Mix
2 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units
4
Building Details
Year Built
1930
Stories
1
Units
5
Listing Agency:
Paramount Real Estate Services
(940) 264-2622
Listed By:
Melissa McCray · License #TX 0690940
Source:
Crexi
Added: Jan 24
Changed: Aug 31
Last Checked: Aug 31 at 4:02AM
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 Paramount Real Estate Services
Investment Insights
Based on property information with market context.
This 4,984-square-foot apartment property, built in 1930, includes four residential units and a separate storage space. The residential mix consists of two one-bedroom, one-bath units and two two-bedroom, one-bath units. One one-bedroom unit is vacant, while the remaining residential units are occupied.
The property also features a recently paved parking lot and substantial green space suitable for outdoor enjoyment by residents and pets. Engineer plans are available for a potential conversion of the existing storage space into a two-bedroom, one-bath unit. The owner is willing to consider a package sale.
The property also features a recently paved parking lot and substantial green space suitable for outdoor enjoyment by residents and pets. Engineer plans are available for a potential conversion of the existing storage space into a two-bedroom, one-bath unit. The owner is willing to consider a package sale.
Key Highlights
- 4,984‑square‑foot apartment property built in 1930
- Four residential units plus a separate storage space
- Unit mix includes two 1‑bedroom/1‑bath and two 2‑bedroom/1‑bath units
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Explore this area
Business Placement
Demographics for 76306, TX
14,664
Population
6,529
Households
2.2
Avg Household Size
37
Median Age
21%
College-Educated
87%
High-School Grad
17.1 sq mi
ZIP Area
858
Density / Sq Mi
$47,004
Median Household Income
$35,005
Median Earnings
$884
Median Rent
$105,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with a paved parking area, outdoor green space, and a mix of occupied and vacant units.
Where is this apartment building located?
The property is located at 3201 Southwest Drive Unit 5 Wichita Falls, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 4,984‑square‑foot apartment property built in 1930; Four residential units plus a separate storage space; Unit mix includes two 1‑bedroom/1‑bath and two 2‑bedroom/1‑bath units
