106 Davis St New Boston, TX 75570
- Commercial real estate
- 8,636 SF
- 0.75 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 106 Davis St
- Year built
- 1970
- Lot size
- 0.75 lot acres
- Property size
- 8,636 SF
- Property type
- Commercial real estate
- APN
- 26140030801
Description
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.
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
- New Boston
- County
- Bowie
- State
- Texas
- Longitude
- -94.4228119
- Latitude
- 33.4582586
