1310 23rd St, Temple, TX 76504

$704,620
List Price
$704,620
Status
ACTIVE
MLS#
1609884
Days on Market
14
Area
Bell

Property Description

10 CAP. 16 Unit Multi-Family. 88 percent occupancy. 2017 Tax Return $70,462 NOI. Proforma $29,603 Net Cash Flow. No rent increase since 2017. Increase rents 5% and lease 2 vacant units to increase Net Cash Flow by 65% to $48,941. At 5 MIN drive time, 31,966 daytime workforce vs. 13,468 residents indicating unmet demand for local housing. % of daytime workforce vs. residents is 65% higher at 5 MIN drive time vs. Temple. Adjoining census tracts to north and east are HUD Qualified Census Tracts.

Additional Information

Taxes
$5,514
Tax Rate
2.73298
Tax Year
2018
Year Built
1975
Roof
Flat
Construction
Wood Veneer
Region
Bell
View
Fields
Sewer
City on Property
Street Name
23rd St
Street Number
1310
Neighborhood
Tal-Coe Place
Water
City
County
Bell
Floor
Carpet
Heating
Central Heat

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Southwest Partners.

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