901 Lion Dr New Boston, TX 75570
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 901 Lion Dr
- Year built
- 1940
- Property type
- Commercial real estate
Description
This exceptional 20-unit apartment complex, Oak Creek Apartments, presents a compelling value-add investment opportunity in New Boston, Texas. The property comprises six two-story buildings totaling 15,000 net rentable square feet, constructed in 1940. Each of the 20 units offers 750 square feet of living space, featuring two bedrooms and one bathroom. Currently, the average collected rent is approximately $510 per unit
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
- -94.41068964683
- Latitude
- 33.456448471489