Newer Multifamily Complex For
4074 CR 152 W Bullard, TX 75757
4074 CR 152 W, Bullard, TX, 75757
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For Sale
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18-door multifamily complex near Tyler and Bullard, Texas.
Property Size22,168 SF
Price / SF$153.37
Days on Market59
Property Features for 4074 CR 152 W
General Information
- Standard status
- Active
- Size
- 22,168 SF
- Property subtype
- Multifamily
Listing Agency
Leslie Cain Realty, LLC
(214) 454-6998
Listed by
Michael Soape · License #TX 0745590
Source
Crexi
Added: May 20 Checked: Jul 17 at 3:15 am
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 multifamily complex features 18 units. Four units were constructed in 2020, four in 2021, four in 2022, four in 2023, and a duplex is planned for completion in 2025. The buildings share identical floor plans, with exterior units offering three bedrooms and two bathrooms, and interior units featuring two bedrooms and two bathrooms. The property includes stained concrete floors, spray foam insulation, and high-efficiency AC systems. Located between Tyler and Bullard, just off of State Hwy 69, the property is currently 100% leased.
Key Highlights
- 18‑door multi‑family complex built between 2020‑2025.
- 100% leased for immediate income.
- Identical floorplans simplify management.
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 | $332.5k | $15.00 |
| − Vacancy | −$29.9k | −$1.35 |
| EGI | $302.6k | $13.65 |
| − OpEx | −$136.2k | −$6.14 |
| NOI | $166.4k | $7.51 |
22,168 SF · lease $15.00/SF/yr · vacancy 9.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.38M
$2.08M – $2.77M
NOI $166,426 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$16.70M
$14.61M – $19.48M
NOI $1,168,808 @ 7.0% cap · market cap 34.38%
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 - 18-door multifamily complex near Tyler and Bullard, Texas.
Where is this apartment building located?
The property is located at 4074 CR 152 W Bullard, TX.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 18‑door multi‑family complex built between 2020‑2025.; 100% leased for immediate income.; Identical floorplans simplify management.
