1220 Howard St San Angelo, TX 76901
- Residential income homes
- 24,000 SF
Current Use by Public Records
- Residential income homes
Property Details for 1220 Howard St
- Property size
- 24,000 SF
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a portfolio of 25 single-family rental units in San Angelo, Texas. Comprising 24 individual buildings (22 houses and one triplex), this Class B property boasts a total of approximately 24,000-25,000 square feet and offers a compelling 8.00% cap rate. Currently operating at 100% occupancy, the portfolio generates a substantial $307,164 in annual gross rent. Tenants are responsible for all utilities, except for the triplex. Over half of the units feature three bedrooms, providing a desirable rental profile. Located at 1220 N Howard St, San Angelo, TX 76901, this property is situated in Tom Green County. The asking price is $2,699,999, translating to approximately $108,000 per unit. A significant advantage is the seller's willingness to provide financing with a 20% down payment
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Angelo
- County
- Tom Green
- State
- Texas
- Longitude
- -100.4709651
- Latitude
- 31.4642748
