228 Main St Jacksonville, TX 75766
Call to check price and availability
38-unit portfolio, high occupancy, strong NOI.
Property size:
40,556 SFProperty 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
Listing Agency: All City Real Estate Listing Agent: Hasan Yacoub
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
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
Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Cherokee
- State
- Texas
- Longitude
- -95.272502890617
- Latitude
- 31.962838393748
Nearby Similar for Sale
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.