Current Use by Public Records
- Commercial real estate
Property Details for 150 Stephens Rd
- Year built
- 2023
- Property type
- Commercial real estate
Description
This exceptional 2023-built quadplex in Hallsville, TX, offers a compelling investment opportunity. The property boasts 5,056 square feet across four units, commanding a price of $141.76 per square foot. With a strong net operating income (NOI) of $50,175, it yields an attractive 7.00% capitalization rate. The fee-simple ownership includes the building and an additional four acres of land. The property features high-quality finishes including a 30-year architectural roof, stained concrete flooring, and granite countertops. Its strategic location, just two miles from downtown Hallsville, benefits from proximity to the Hallsville Independent School District and a thriving community of over 18,000 residents. The area is characterized by strong tenant demand, supported by the presence of several credit tenants, other apartment complexes, and schools. Further development potential exists, with the possibility of constructing four additional identical quadplexes at a cost of $125 per square foot. An additional four acres of land is available for $100,000. This property presents a rare opportunity to acquire a stabilized, high-performing multifamily asset with significant upside potential in a desirable Texas location. The asking price for this turnkey investment is $716,785.
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
- Hallsville
- County
- Harrison
- State
- Texas
- Longitude
- -94.5343
- Latitude
- 32.4956
