New 24-Unit Multifamily
4073 County Road 152 West Bullard, TX 75757
4073 County Road 152 West, Bullard, TX, 75757
$4,750,000
For Sale
$4,750,000
Newly built 24-door apartment complex with 3/2 and 2/2 layouts and high-efficiency HVAC systems.
Property Size30,102 SF
Price / SF$157.80
Days on Market80
Property Features for 4073 County Road 152 West
General Information
- Standard status
- Active
- Size
- 30,102 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2023
Listing agency
Leslie Cain Realty, LLC
(903) 253-6205
Listed by
Michael Soape · License #0745590
Source
Compass
Added: May 3 Updated: Jul 10 at 1:53PM Checked: Jul 19 at 4:46AM
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 Leslie Cain Realty, LLC
Investment Insights
Based on property information with market context.
This property is a new construction 24-door multifamily complex. The first four doors are approximately 60 days from completion, while all buildings follow identical floorplans. Exterior units feature 3 bedrooms and 2 bathrooms, and interior units feature 2 bedrooms and 2 bathrooms. Interior finishes include stained concrete flooring, and the units are equipped with high-efficiency A/C systems.
The complex is located just off State Hwy 69, positioned between Tyler and Bullard. The provided address is 4073 County Road 152 West, Bullard, TX 75757.
For prospective buyers or portfolio operators, this offering provides a straightforward multifamily configuration with a consistent building design across the site and a mix of apartment layouts (3/2 on the exterior and 2/2 on the interior). The seller notes that comparable units in the area are renting on average for $1,500 per month, which can help inform rental expectations when evaluating lease-up and market positioning for the completed doors.
The complex is located just off State Hwy 69, positioned between Tyler and Bullard. The provided address is 4073 County Road 152 West, Bullard, TX 75757.
For prospective buyers or portfolio operators, this offering provides a straightforward multifamily configuration with a consistent building design across the site and a mix of apartment layouts (3/2 on the exterior and 2/2 on the interior). The seller notes that comparable units in the area are renting on average for $1,500 per month, which can help inform rental expectations when evaluating lease-up and market positioning for the completed doors.
Key Highlights
- Newly built 24‑door multifamily complex (1 story) with identical building floorplans
- Unit mix: exterior 3 bed/2 bath and interior 2 bed/2 bath units with identical layouts
- Stained concrete flooring throughout interior spaces
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $451.5k | $15.00 |
| − Vacancy | −$40.6k | −$1.35 |
| EGI | $410.9k | $13.65 |
| − OpEx | −$184.9k | −$6.14 |
| NOI | $226.0k | $7.51 |
30,102 SF · lease $15.00/SF/yr · vacancy 9.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.23M
$2.82M – $3.77M
NOI $225,991 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$22.67M
$19.84M – $26.45M
NOI $1,587,128 @ 7.0% cap · market cap 33.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Newly built 24-door apartment complex with 3/2 and 2/2 layouts and high-efficiency HVAC systems.
Where is this apartment building located?
The property is located at 4073 County Road 152 West Bullard, TX.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: Newly built 24‑door multifamily complex (1 story) with identical building floorplans; Unit mix: exterior 3 bed/2 bath and interior 2 bed/2 bath units with identical layouts; Stained concrete flooring throughout interior spaces
