401 Bethel St Roma, TX 78584

This stabilized, 10-unit apartment building in Roma, Texas presents a compelling investment opportunity. The property boasts 7,544 square feet of net rentable space, spread across a two-story building on a 0.212-acre lot. Built in 1985 and renovated within the last two years, the complex features ten two-bedroom, one-bathroom units, currently enjoying a 90% occupancy rate. Each unit is priced at $56,000, with the entire complex listed at $560,000. The property's strong performance is reflected in its impressive 8.24% cap rate and a projected Net Operating Income (NOI) of $46,122 at 90% occupancy. The property is classified as a Class C multifamily investment and offers a stable income stream with potential for future value appreciation through further renovations or rent increases. Located at 401 Bethel St, Roma, TX 78584, this complex benefits from its proximity to local amenities. The sale includes a branded website. The property is offered free and clear of ground leases, with 100% ownership included in the sale. The projected occupancy date is October 27, 2024. This is a 1031 exchange eligible property.