Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    104 South St Clarksville, TX 75426

    Sponsored
    For Sale
    $299,999

    Value-add multifamily, strong ROI.

    Property size:
    4,416 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4-unit apartment building in Clarksville, TX, presents a compelling value-add investment opportunity. Situated on a 0.46-acre lot at 104 W South St, this 4,416 square foot property boasts a strong current income stream and significant future development potential. Built in 1984 and renovated in 2008, the two-story building features four one-bedroom units, each currently generating $650 in monthly rent, for a total annual gross income of $31,200. The property benefits from separately metered units, minimizing operational overhead and maximizing efficiency. The current occupancy rate is 80%, projected to reach full occupancy by October 20, 2024. The Net Operating Income (NOI) is currently $25,200, with a pro-forma NOI of $26,200, resulting in a current cap rate of 8.40% and a pro-forma cap rate of 8.73%. The asking price is $299,999, translating to $67.93 per square foot and $74,999.75 per unit. The substantial lot size offers a unique opportunity for expansion, allowing for the construction of additional units to further enhance the property's value and rental income. This property is ideal for investors seeking a blend of immediate cash flow and long-term appreciation in a stable, high-demand market. The property is classified as a Class C multifamily investment and is currently owned by Cultivated Homes, LLC.

    Property Features for 104 South St

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,416 SF
    Class
    C
    Lot Size
    20,038 SF

    Building Details

    Year Built/Renovated
    1984/2008
    Buildings
    1
    Stories
    2
    Units
    4

    HighLights

    • Four‑plex investment property with separately metered units, generating $2,600 monthly rental income.
    • Low operating costs due to separate utility metering and 2008 renovations.
    • Value‑add potential through minor upgrades to increase rental income.
    • 0.46‑acre lot allows for potential future development and expansion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Red River
    State
    Texas
    Longitude
    -95.051179566013
    Latitude
    33.615864576428

    Nearby Similar for Sale

    • $950,000
      6.34 Acres

      Versatile Commercial Building on 8+ Acres

      Adaptable commercial building with warehouse and retail space in Clarksville.
      150 W Main St, Clarksville, TX 75426
      View Details
    • $1,775,000
      268.16 Acres

      Clarksville Ranch with Equestrian Features

      Turnkey ranch property featuring multiple barns, arena, and residences.
      200 Farm Road 412, Clarksville, TX 75426
      View Details
    • $949,900
      3,832 SF

      Lakefront Ranch with 1960s Home

      49.23 acre ranch featuring a 3832 sqft home.
      1203 County Road 3100, Clarksville, TX 75426
      View Details
    • $135,000
      0.75 Acres

      Country Living on Highway 37

      Tiny home on .75 acres near Clarksville, Texas.
      8778 State Highway 37 N, Clarksville, TX 75426
      View Details
    • $549,900
      0.69 Acres

      Well-Maintained 10-Unit Apartment Complex

      10-unit apartment complex with consistent rental income and upside potential.
      401 S Donoho St, Clarksville, TX 75426
      View Details
    • Contact for pricing
      1,152 SF

      East Main Street Commercial Property

      Charming commercial property on East Main Street with excellent visibility.
      1001 E Main St, Clarksville, TX 75426
      View Details
    • $349,900
      0.27 Acres

      Five-Unit Apartment Building in Clarksville

      Well-maintained five-unit apartment building with income and growth potential.
      700 S Donoho St, Clarksville, TX 75426
      View Details
    • $140,000

      Historic Commercial Building in Clarksville

      Two-story commercial building on the downtown square in Clarksville, TX.
      103 N Locust St, Clarksville, TX 75426
      View Details
    • $115,000
      0.16 Acres

      Clarksville Office Building For Sale

      Multi-use commercial building, previously doctor's offices, near Main Street.
      103 N College St, Clarksville, TX 75426
      View Details
    • $35,000

      Commercial Property in Clarksville, TX

      Corner lot property suitable for commercial or residential use.
      703 w College St, Clarksville, TX 75426
      View Details
    • $6,083,500

      1229 Acres Farm South Clarksville

      Farm with irrigation equipment and infrastructure near Clarksville, Texas.
      1370 Co Rd, Clarksville, TX
      View Details
    • $275,000
      2,975 SF

      Former Restaurant in Clarksville, TX

      2,975 SF former McDonald's on Main Street for sale.
      506 W Main St, Clarksville, TX 75426
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Value-add multifamily, strong ROI.
    Where is this multifamily property located?
    The property is located at 104 South St Clarksville, TX.
    What is the asking price?
    The asking price for this property is $299,999.
    What are key features of this property?
    This property features: Four-plex investment property with separately metered units, generating $2,600 monthly rental income.; Low operating costs due to separate utility metering and 2008 renovations.; Value-add potential through minor upgrades to increase rental income.
    Request Owner's contact information
    104 South St Clarksville, TX 75426
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    104 South St
    Clarksville, TX 75426
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    104 South St Clarksville, TX 75426
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.