Current Use by Public Records
- Apartment buildings
Property Details for 0 Us-60
- Year built
- 1977
- Lot size
- 3.17 lot acres
- Property type
- Apartment buildings
Description
This exceptional 48-unit apartment complex, located at 22 US Hwy 60 in Canyon, Texas, presents a compelling investment opportunity. Boasting a substantial 32,353 square feet of living space, this two-story building sits on a generous 3.17-acre lot and is zoned RC2. Constructed in 1977, the property features a masonry veneer exterior and a pitched roof. The building is 100% leased since 2020, generating a strong Net Operating Income (NOI) of $162,533 and a desirable 5.16% capitalization rate. Amenities include a convenient on-site laundry facility equipped with three washers and three dryers, and a combined office/management apartment. Each unit is enhanced with central HVAC and ceiling fans, ensuring resident comfort. The property's strong occupancy and attractive financial metrics make it an ideal addition to any investment portfolio. The asking price for this well-maintained multifamily property is $3,150,000. This is a rare opportunity to acquire a stable, high-performing asset in a desirable Texas market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Canyon
- County
- Randall
- State
- Texas
- Longitude
- -101.933
- Latitude
- 34.9854
