711 Austin Ave, Tulia, TX 79088
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 711 Austin Ave
- Year built
- 1965
- Property type
- Commercial real estate
Description
Mackenzie Cove, located at 711 S Austin Ave, Tulia, TX 79088, presents a compelling value-add opportunity in the multifamily market. This 18,088 square foot apartment building, constructed in 1965, comprises 24 units across two stories. The property boasts a current Pro-Forma NOI of $76,350. Recent improvements include a new roof (2022), updated windows, new laundry machines, and enhanced landscaping. The unit mix includes a combination of one- and two-bedroom floor plans. Significant upside potential exists for the next investor through the implementation of a utility bill-back system to tenants. This property offers a unique opportunity given its price per unit is 39% below the average of comparable properties in major markets along I-27. The property is situated in Swisher County, Texas. This is a single-building complex offering immediate value-add potential. The property's location provides convenient access to the I-27 corridor.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Tulia
- County
- Swisher
- State
- Texas
- Longitude
- -101.76317478
- Latitude
- 34.52822573
