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228 Main St Jacksonville, TX 75766

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For Sale
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38-unit portfolio, high occupancy, strong NOI.

Property size:
40,556 SF

Property Features for 228 Main St

General Information

Property type
Multifamily properties
Square Feet
40,556 SF

Building Details

Year Renovated
2022
Buildings
25
Stories
1
Units
38

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Listing Contact
Hasan Yacoub
Hasan Yacoub

Listing Agency: All City Real Estate Listing Agent: Hasan Yacoub

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a 38-unit multifamily portfolio located at 228 S Main St, Jacksonville, TX 75766. The property comprises a mix of 33 residential units and 5 commercial units, totaling 40,556 square feet across 25 buildings. Each building is a single-story structure. The portfolio boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $311,100 annually, representing an 8.89% cap rate. The asking price is $3,499,000, translating to $92,078.95 per unit and $86.28 per square foot. The property underwent renovations in 2022. The residential units consist of 15 single-family homes and 9 duplexes. The commercial component is a 5-unit office building situated in downtown Jacksonville. This stabilized investment offers a compelling return on investment with its high occupancy, strong cash flow, and recent renovations. The property's location in Jacksonville, Texas provides a stable market for rental income. Financial records are available upon request to qualified buyers. This is a rare opportunity to acquire a well-maintained, high-performing multifamily portfolio in a desirable location.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Residential income homes

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

Location Insight

  • Map
  • Local Demand
City
Jacksonville
County
Cherokee
State
Texas
Longitude
-95.272502890617
Latitude
31.962838393748

FAQs

What type of property is this?
Multifamily property - 38-unit portfolio, high occupancy, strong NOI.
Where is this multifamily property located?
The property is located at 228 Main St Jacksonville, TX.
What is the asking price?
The asking price for this property is $3,499,000.
What are key features of this property?
This property features: 38-unit multifamily property with 33 residential and 5 commercial units.; $30,575 monthly gross income.; 40,556 square feet, priced at $80 per square foot.
(512) 395-5017 Call to check price and availability
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