1302 Boyd St Borger, TX 79007

This exceptional 19-unit single-family rental portfolio presents a compelling investment opportunity in Borger, Texas. Located in Hutchinson County, this portfolio comprises a mix of studio, one, two, and three-bedroom units, strategically situated in close proximity to one another. Currently boasting 100% occupancy with long-term, month-to-month tenants, the portfolio offers immediate cash flow. Many units are currently rented below market rates, presenting a significant opportunity to increase revenue. The portfolio generates a substantial net operating income (NOI) of $100,243, yielding a 5.90% cap rate at an asking price of $1,700,000. This translates to a price per unit of $89,473.68. The property is classified as Class C. Borger's robust economy, driven by major employers in the energy and petrochemical sectors such as Phillips 66 and Chevron Phillips Chemical Company, ensures a stable tenant base and strong rental demand. The city's strategic location and access to major transportation routes further enhance its appeal. This portfolio is an ideal addition to any investor's portfolio seeking strong returns in a growing Texas market. The portfolio's occupancy date is June 26, 2024. The property is located at 1302 Boyd St, Borger, TX 79007.