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501 Sunset LN Copperas Cove, TX 76522
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Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 4,503 sqft
Price per Sqft $66
Subdivision Cummings Addn #2
MLS Listing ID 9915702
Year Built 1971
Tax Year 2020
Lot Size 10,585 Sqft
Property Description
FULLY OCCUPIED EXPECTED CAP UPON RENEWAL 9.81%, CURRENT CAP 7.63%
Each unit features 2 Beds, 1 Bath! Fresh paint, recessed can lighting, remodeled kitchen with new appliances, remodeled bathrooms & hard flooring throughout
Current tenants are paying $525 per month. Market shows that units could easily rent for $600-$650. Comparable apartments in area are not remodeled and the current owner has never listed the properties as for lease/ only word of mouth (investors gain)! Once priced and marketed appropriately over 7% cap rate expected
Location
State TX
County Coryell
Interior
Heating Central
Cooling Central Air
Flooring Tile
Exterior
Utilities Available Electricity Connected
View None
Building
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Brick,Masonry – All Sides
New Construction No
Others
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
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Bought with Austin Home Seekers