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    706 6Th St Taylor, TX 76574

    For Sale
    $750,000

    Four-unit, stabilized apartment building with strong NOI.

    Property size:
    4,204 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional two-story, 4-unit apartment building located at 706 W 6th St, Taylor, TX 76574, presents a compelling investment opportunity. Built in 2016, this Class B property boasts a total of 4,204 square feet of net rentable space, currently operating at 75% occupancy. The asking price is $750,000, translating to $178.40 per square foot and $187,500 per unit. The property generates a substantial net operating income (NOI) of $38,800, yielding a 5.17% capitalization rate. This stabilized investment, ideal for an owner-user, offers a solid return on investment with potential for increased revenue through improved occupancy. The property is situated in Williamson County, Texas, within the city of Taylor. This multifamily asset presents a rare chance to acquire a well-maintained, cash-flowing property in a growing market. The building's solid construction and desirable location make it an attractive option for both seasoned investors and those seeking a hands-on approach to real estate ownership. The property's strong financials and potential for future growth make it a highly desirable investment.

    Property Features for 706 6Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,204 SF
    Class
    B

    Building Details

    Year Built
    2016
    Buildings
    1
    Stories
    2
    Units
    4

    HighLights

    • $750,000 asking price for a stabilized multifamily investment property.
    • Four‑unit apartment building in Taylor, TX.
    • Class B property built in 2016, totaling 4,204 square feet.
    • $178.40 per square foot, with a 5.17% cap rate and $38,800 NOI.
    • 75% occupancy, offering a $187,500 price per unit.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Taylor
    County
    Williamson
    State
    Texas
    Longitude
    -97.4173279
    Latitude
    30.5723552

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit, stabilized apartment building with strong NOI.
    Where is this multifamily property located?
    The property is located at 706 6Th St Taylor, TX.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: $750,000 asking price for a stabilized multifamily investment property.; Four-unit apartment building in Taylor, TX.; Class B property built in 2016, totaling 4,204 square feet.
    Request Owner's contact information
    706 6Th St Taylor, TX 76574
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    706 6Th St Taylor, TX 76574
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