Available For Sale - Multifamily

68,300 SF | Show Pricing $

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AVAILABILITY DETAILS

Size
68,300 SF
Price/SF
Show Pricing $
Listing ID
SA491755
Notes
Address 1301 Lakeland Drive

Liberty, Texas 77575

Property Type Multi-family

Units 72

Lot Size 3.14 Acres

Building SF 68,300 SF

Existing FAR 0.5



PROPERTY HIGHLIGHTS:

• 5% Cap Rate

• Taxes are $32,233.00

• Fully occupied

• Rents are well below market price

(over $150 less per unit)

• Class B

• Amenities include pool, laundry

facilities, clubhouse, picnic area, gated,

security system, and more.

• 2.1 parking spots/unit



Gross Income: $550,352 (2 Vacant units projected at $600 each)

Gross Expenses: $270,939

NOI: $279,413

Unit Count: 72

Price Per Unit: $73,611

Going-In Cap Rate: 5%

Built: 1972

Renovated: 2012



Unit Mix:

1-bedroom, 1 bath - 40 units

2-bedroom, 2 bath - 24 units

3-bedroom, 2 bath - 8 units
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Justin Tan, Kassin Sabbagh Realty