11015 Interstate Hwy Brashear, TX 75433
- Apartment buildings
- 3,644 SF
- 1.40 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 11015 Interstate Hwy
- Year built
- 1997
- Lot size
- 1.40 lot acres
- Property size
- 3,644 SF
- Property type
- Apartment buildings
Description
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.
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
- Brashear
- County
- Hopkins
- State
- Texas
- Longitude
- -95.7932
- Latitude
- 33.1468
