Property profile

11015 Interstate Hwy Brashear, TX 75433

OFF-MARKET
Apartment buildings
3,644 SF 1.4 ac lot Built 1997
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Property summary

AI-generated overview

This exceptional investment opportunity presents a six-unit apartment complex ideally situated on a 1.4-acre lot in Cumby, Texas, near Interstate Highway 30. Built in 1997, the property boasts 3,644 square feet of living space, offering a compelling 6.24% cap rate at an asking price of $750,000 ($246.98 per square foot). The complex comprises two buildings and includes twelve parking spaces. Each of the six units underwent a complete remodel less than a year ago, ensuring current tenants enjoy modern amenities and warranties on recent improvements. All units are currently occupied, generating consistent rental income. Further enhancing the property's income potential is an on-site laundry facility equipped with coin-operated machines. The property's location on a major highway provides excellent visibility and accessibility, while the expansive lot offers significant potential for future expansion, accommodating additional residential units, or even industrial or retail development. The property's location is on the E Hwy 30 Service Road between FM 275 and FM 275 S. This multifamily investment presents a rare blend of immediate income generation and substantial long-term growth potential in a rapidly developing area. The property is located approximately one hour northeast of Dallas. The legal description includes APN R000015108. The lease type is Net.

Property profile

Verified
Property type Apartment buildings
Year built 1997
Total area 3,644 SF
Lot 1.4 ac (60,984 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

11015 Interstate Hwy Brashear, TX 75433
Brashear metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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