Listing Agency: Virtual Realty LLC v***@yahoo.com Show Phone

Listed By: Randy Ratliff · License #9004267

Source: Crexi

Added: Oct 26, 2024 Changed: Jul 10 Last Checked: Aug 1 at 8:11AM

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Investment Insights

Based on property information with market context.

This property features twenty-four 2-story apartment units, each equipped with washer and dryer hook-ups and dining areas. The complex includes twenty-two 2-bedroom, 1.5-bathroom units with fireplaces, and two 2-bedroom, 1-bathroom units without fireplaces. Each of the 24 units is separately metered, with tenants responsible for their own utility payments. New roofs and siding have been installed on the complex. The seller is also offering an additional sixteen units, consisting of three duplexes, a four-plex, and a six-plex, along with a vacant lot adjacent to the duplexes. The seller is willing to discount the price by $125,000 if all 40 units are purchased together for $1.5 Million.

Key Highlights

• Significant Price Drop: $25,000 reduction on this investment property!
• Income Potential: Twenty‑four 2‑story units feature washer/dryer hook‑ups and dining areas.
• Tenant Paid Utilities: All 24 units are separately metered.

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Electrical Service Garden Center Grocery & Convenience Store Butcher Dental Office

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

Location Intelligence

Trade Area within ½ mile

120

Businesses Nearby

Explore this area Business Placement

Demographics for 79005, TX

1,693

Population

701

Households

2.4

Avg Household Size

37

Median Age

22%

College-Educated

76%

High-School Grad

203.2 sq mi

ZIP Area

8

Density / Sq Mi

$69,236

Median Household Income

$39,559

Median Earnings

$860

Median Rent

$144,000

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 - Twenty-four unit apartment complex with separately metered utilities.

Where is this apartment building located?

The property is located at 6 N Main St Booker, TX.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Significant Price Drop: $25,000 reduction on this investment property!; Income Potential: Twenty‑four 2‑story units feature washer/dryer hook‑ups and dining areas.; Tenant Paid Utilities: All 24 units are separately metered.