INVESTOR ALERT - THIS LIST PRICE OF $229,900 INCLUDES BOTH 109 W. YOAKUM (Very nice 6 Unit Apartment Building) & 115 W. YOAKUM (MLS 21073535 - 2 Story Building used currently for storage/warehouse) * These are 2 buildings with separate parcel #s - they are adjacent to each other & share a wall * 6 unit apt building at 109 W. Yoakum itself is an Outstanding Value & Great Income Producer- amazing Cap Rate of approx. 13.8% based on $205,000 market value for 109 W. Yoakum * One Efficiency Apt (vacant) - $315/mo * One 1BR, 1BA - $400 * Two 2BR, 1BA- $500 & $575 ea * Two 3BR, 2BA -$600 & $675 * Gross Operating Income: $35,580 * Annual Net Income: $28,308 * Several property & apt improvements/renovations including complete rehab of Unit #3 * Coin operated washer & dryer * Units 5 & 6 have w/d hookups * Tenants pay electric * Great parking in rear w/alley access * Also see MLS 21073526, 21073541 for additional listings available.
Listing courtesy of Realty Executives Edge.
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified