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    4244 Burkburnett Road

    Wichita Falls, TX 76306
    • $1,895,000
    • STATUS: Active
    • ON SITE: 107 days
    • MLS #: 14555169
    UPDATED: 72 min ago
    $1,895,000
    • 0
      BEDS
    • 1.31
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1945
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:
    Offered by Keith Auten of Auten Realty Llc.

    Description

    Calling All Investors! Strong value-add opportunity! 26 unit apartment complex and a 53 unit mini storage facility on side by side parcels. Apartment complex offers a strong value-add opportunity. Cash-flows Day 1. Going in Cap of 6.56%. After renovations and stabilization cap rate of 9%, IRR 26% & Cash on Cash 15.45%. 10 units have been fully renovated. 4 units partially renovated. 12 classic units ready to renovate as they turn. Storage MLS Listing number is 14555167. Contact me today for additional information.

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    © 2021 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Robbins Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Robbins Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-08-02T07:39:28.807.
    www.teamrobbins.com/homes/116202431
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    4244 Burkburnett Road Wichita Falls, TX 76306

    • Price: $1,895,000
    • Status: Active
    • Updated: 72 min ago
    • MLS #: 14555169
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.31
    Acres
    1945
    Built
    Neighborhood:
    Mckenzie Knight
    County:
    Wichita
    Area:
    Wichita County
    Elementary School:
    Haynes
    Middle School:
    Kirby
    High School:
    Hirschi
    School District:
    Wichita Falls Isd
    Property Description
    Calling All Investors! Strong value-add opportunity! 26 unit apartment complex and a 53 unit mini storage facility on side by side parcels. Apartment complex offers a strong value-add opportunity. Cash-flows Day 1. Going in Cap of 6.56%. After renovations and stabilization cap rate of 9%, IRR 26% & Cash on Cash 15.45%. 10 units have been fully renovated. 4 units partially renovated. 12 classic units ready to renovate as they turn. Storage MLS Listing number is 14555167. Contact me today for additional information.
    Exterior Features

    Construction BrickSidingWood Foundation Pier & BeamSlab Parking Or Garage OpenUnassigned Spaces Parking Spaces 26 Pool On Property No Roof MetalOther Waterfront YN No

    Interior Features

    Flooring CarpetLuxury Vinyl PlankWood Handicap YN No Heating Central Air-ElecCentral Heat-ElecPanel/Floor/WallWindow Unit Interior Features Cable Tv AvailableWindow Coverings Kitchen Equipment Other Sq Ft Building 15416

    Property Features

    Building Area Source Tax Buildings 7 Complex Name Double S Apts Construction Status Preowned Gross Annual Expenses 101433 Gross Annual Income 282200 HOA None Insurance Expense 8512 Municipal Utility District No Net Annual Income 180767 Possession Closing/Funding Property Type Mul-Apartment/5Plex+ Proposed Financing CashConventional Tenancy Over 9 Months Total Annual Expenses Include Accounting/LegalElectricGasInsuranceLawn CareMaintenanceManagementPayrollSuppliesTaxesWater/Sewer/Trash Unexempt Taxes 12054 Unit Count 0 Utilities City SewerCity Water Will Subdivide No

    Listing information © 2021 North Texas Real Estate Information System.


    © 2021 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Robbins Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Robbins Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-08-02T07:39:28.807.
     
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    Robbins Real Estate Group
    1920 McKinney Ave WeWork/Robbins Real Estate Group
    Dallas TX, 75201
    Offered by Keith Auten of Auten Realty Llc.