Fully Occupied Cash-Flowing Multifamily Property built in 2006 situated minutes from I-35, Denton, and UNT. The property is located in the fast-growing submarket of Krum. The property is comprised of Six residential units and One Executive Office, which is currently leased for $1,350 (tenant will renew lease with a new buyer). The property is situated on a busy thoroughfare and sits across the street from Krum Elementary School. The Property consistently stays 100% occupied, current rents are ~$65 below market. Gross current Income is $78,720. Easy Investment at 7.00% cap-rate in the path of growth.
Off market
Price Unknown
124 N 2nd St, Krum, TX 76249
12beds
--sqft
MUL-Apartment/5Plex+
Built in 2007
-- sqft lot
$-- Zestimate®
$--/sqft
$1,401 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 7
- Full bathrooms: 7
Heating
- Forced air
Appliances
- Included: Refrigerator
Features
- Cable TV Available, Decorative Lighting, Central Vac
Interior area
- Structure area source: Tax
Property
Parking
- Parking features: Off-street
Lot
- Size: 0.28 Acres
Details
- Other equipment: Refrigerator, Cooktop - Electric, Oven-Electric
Construction
Type & style
- Home type: MultiFamily
- Property subtype: MUL-Apartment/5Plex+
Materials
- Roof: Metal
Condition
- Year built: 2007
Utilities & green energy
- Utilities for property: City Sewer, City Water
Community & neighborhood
Location
- Region: Krum
Other
Other facts
- Lot Size Units: Acres
- Building Area Source: Tax
- Utilities: City Sewer, City Water
- County Or Parish: Denton
- Interior Features: Cable TV Available, Decorative Lighting, Central Vac
- Other Equipment: Refrigerator, Cooktop - Electric, Oven-Electric
- Heating: Central Air-Elec, Central Heat-Elec
- Construction Materials: Wood, Siding, Metal
- Foundation Details: Slab
- Roof: Metal
- Possession: Closing/Funding
- Parking Features: Common Lot
- Property Sub Type: MUL-Apartment/5Plex+
- Multi Parcel IDYN: 0
- Country: United States