Listing Agency: Fanninland Realty

Listed By: Dale Horton · License #TX Show Phone

Source: Crexi

Added: Apr 11 Changed: Aug 14 Last Checked: Sep 6 at 8:29PM

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Investment Insights

Based on property information with market context.

The property consists of five small houses and/or apartments, each currently rented for $425 monthly, along with 26 storage units. Storage unit rents vary from $30 to $50 monthly depending on unit size, and only one storage unit is currently available for rent.

The address for the property is 604 State Highway 50 in Ladonia, Texas.

Key Highlights

• Property includes five small houses or apartments, each currently rented for $425/month.
• Includes 26 rented storage units with rents ranging from $30 to $50/month based on unit size.
• Only one storage unit is currently available for rent.

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Plumbing Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5

Residential units

Location Intelligence

Trade Area within ½ mile

40

Businesses Nearby

Explore this area Business Placement

Demographics for 75449, TX

1,116

Population

505

Households

2.2

Avg Household Size

45

Median Age

19%

College-Educated

93%

High-School Grad

77.3 sq mi

ZIP Area

14

Density / Sq Mi

$57,566

Median Household Income

$36,944

Median Earnings

$443

Median Rent

$122,000

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Five rented small houses or apartments plus 26 rented storage units, with one storage unit currently available.

Where is this apartment building located?

The property is located at 604 State Highway 50 Ladonia, TX.

What are key features of this property?

This property features: Property includes five small houses or apartments, each currently rented for $425/month.; Includes 26 rented storage units with rents ranging from $30 to $50/month based on unit size.; Only one storage unit is currently available for rent.