106 Davis St New Boston, TX 75570
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.