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Property profile & analytics
OFF-MARKET
Commercial real estate

106 Davis St New Boston, TX 75570

8,636 SF 0.75 ac lot Built 1970
Entity Owned 5-yr Hold
Property ID
US83-0344155
Property summary
AI-generated overview

This exceptional investment opportunity presents a ten-unit apartment building located at 106 S Davis St, New Boston, Texas, 75570. The property, situated on a 0.745-acre lot (APN 26140030801), consists of two buildings totaling 8,636 square feet and was built in 1970. The asking price is $694,999, representing a price per square foot of $80. The property's unit mix includes four two-bedroom, one-bathroom units and six three-bedroom, one-bathroom units. All units have undergone updates within the last three years, ensuring modern appeal and minimizing immediate maintenance needs. This multifamily property offers a strong income stream, making it an attractive investment for both seasoned and first-time commercial real estate investors seeking a stable and potentially high-growth opportunity in the New Boston market. The property's location in Bowie County, Texas provides convenient access to local amenities and services. This turnkey investment is ready for immediate income generation and offers significant potential for future appreciation. The property's strong rental history and updated units contribute to its overall value and attractiveness. This is a rare opportunity to acquire a well-maintained, income-producing multifamily property in a desirable location.

Property profile
Verified
Property type Commercial real estate
Year built 1970
Total area 8,636 SF
Lot 0.75 ac (32,452 SF)
APN 26140030801
UPID US83-0344155
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Blue Marlin Investment Properties L · 5 yrs held
Blue Marlin Investment Properties L
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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