Current Use by Public Records
- Apartment buildings
Property Details for 518 Cypress St
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a fully occupied 12-unit apartment complex situated in Lott, Texas, conveniently located just 26 miles south of Waco and 26 miles east of Temple. The property boasts a 7.5% cap rate and a gross potential annual income of $144,360. The complex comprises three buildings, each housing four units. Each unit features two bedrooms, one bathroom, a full kitchen, and a living room. A separate fourth building provides a fully functional on-site laundry facility and an office, adding convenience for residents and potential for additional income streams. The property is classified as Class C and currently enjoys 100% occupancy. This multifamily investment is an attractive option for investors seeking a stable, high-performing asset in a desirable location. The address is 518 Cypress St, Lott, TX 76656. The property is listed at $1,100,000. The total square footage is not currently available. This is a rare opportunity to acquire a well-maintained, high-occupancy apartment complex in a growing area.
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
- Lott
- County
- Falls
- State
- Texas
- Longitude
- -97.0368
- Latitude
- 31.2114
