Property details
Texas 500+ Luxury Multifamily Units, Southwest Region
Property Description
Located in an Income Tax Free State! 
Texas 500+ Luxury Multifamily Units
7.31% Cap Rate.
This is not a desperation sale in any way whatsoever. This is an off-market, relationship opportunity that should not be taken lightly. This is a Luxury Multifamily Opportunity Priced Extremely Well To Sell At Full Asking Price.
Combined NOI: $3,656,472
Year Built: 2010
Units: Just Over 500
Description: Consisting of 2 complexes located on the same block, each with 200+ units. This is an opportunity to acquire a Luxury, very rich-looking multifamily, 500+ unit package located in an income tax-free state!
Every unit comes with its own, designated garage. and all luxury you can think of.
Favorable Existing Financing In Place:
Loan Type: Non-Recourse HUD Loan
Loan Interest Rate: Lower than 3.00% (inquire)
Approx. Loan Balance: $50 Million in total
Loan Maturities: One complex has a maturity of 2054 and the other of 2056
Images
Highlights
- Status:
- Available
- Price:
- $50,000,000
- Cap Rate:
- 7.31%
Property Information
- Property Type:
- Apartments
- Industry Type:
- Apartment - Multifamily
- Units/Spaces:
- 500
- Year Built:
- 2010
- Purchase Tenure:
- Fee Simple
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.