10 CAP | 16 Unit Multi-Family | 1310 S 23rd ST | Temple, TX | $704,620

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 confirming unmet local demand for low income housing.
On site manager in lieu of rent.
Zoned M-F 2. 18,900 SF lot. Not in Flood Zone. Temple ISD.
56 Walkscore. Under 1 MI to Scott & White and VA Hospitals and Scott & White Santa Fe Clinic. Just over 1 MI to Children’s Hospital and Temple Mall. 1.4 MI to I35 at Central AVE. 1.4 MI to US190 at 31st ST.

Details Website     Blog      YouTube

PDF Downloads

Pictures Pack     Graphics Pack      Seller's Disclosure      Flood Zone Report

For More Information

Don Stefanov, GRI, ABR
Managing Partner – SWPRE Fredericksburg
m  +1 830.998.5677
o   +1 830.900.0266
e    don@swpre.com
w   https://donstefanov.swpre.com/

Investor Model & Financial Key Indicators

...

 

Aerials

...

 

Unmet Housing Demand Indicators

...

 

Additional Research & Analysis

...

 

Bell Central Appraisal District Data 

Owner:  LAUGHLIN REAL ESTATE MANAGEMENT LLC SERIES RESIDENTIAL

  1. 2910 San Jacinto RD

    PIDN: 110065
    Legal: CIMARRON PHASE II, BLOCK 011, LOT 0002
    Geographic ID: 32171763
    Year Built: 1985
    Residence SF: 1,093
    Open Porch SF: 35
    Garage SF: 477
    Fireplace
    Lot: 4,500 SF (45' x 100')
  2. 902 S 27th ST (includes 902½ and 904 S 27th ST)

    PIDN: 63144
    Legal: FREEMAN HEIGHTS, BLOCK 060, LOT PT 4, 5, 6, (N 112.5' OF 4, 5, 6)
    Geographic ID: 0054760000
    Year Built: Not reported
    Residence SF: 1,736
    Apartment SF: 264
    2nd Floor SF: 744
    Garage SF: 480 
    Open Porch SF: 16 
    Apartment SF: 620
    Garage SF: 620
    Lot SF: 16,800

  3. 815 S 33rd ST

    PIDN: 128910
    Legal: BELLVIEW, BLOCK 00A, LOT PT 6, (S 50' OF N 58' OF 6)
    Geographic ID: 0017220000
    Year Built: 1929
    Residence SF: 1,324
    Open Porch SF: 25 
    Fireplace
    Lot: 7,500 SF (50' x 150')

  4. 119 S 23rd ST

    PIDN: 63142
    Legal: FREEMAN HEIGHTS, BLOCK 019, LOT 0006
    Geographic ID: 0052110000
    Year Built: Not Reported
    Residence SF:  888
    Enclosed Porch SF:  60
    Canvas Awning SF: 80
    Detached Garage SF: Not Reported
    Storage SF: Not Reported
    Lot: 7,00 SF (50' x 140')

  5. 2826 Bowie TRL

    PIDN: 113037
    Legal: CIMARRON PHASE I REPLAT, BLOCK 007, LOT 0004
    Geographic ID: 003217062
    Year Built: 1983
    Residence SF: 1,020
    Open Porch SF: 45
    Open Porch SF: 27
    Garage SF: 294
    Fireplace
    Lot: 4,500 SF (45' x 100')

Property Taxes:

Paid 2019
: $10,967
2018 taxes without exemptions: 10,967
Tax Rate: 2.68317
Exemptions: No

Drive Time, Walk & Radii Maps

...

 

Google Driving Maps

...

 

Directions

1.4 MI from US 190 (SE HK Dodgen Loop) at 31st ST
Travel N on 31st ST 1.1 MI
Turn right (E) on Ave M 0.3 MI
Turn right (S) on 23rd ST
Property on your right
Google Map link 

1.4 MI from I35 at Central AVE
Travel E of Central AVE 0.1 MI
Turn right (S) on 31st ST 0.9 MI
Turn left (E) on Ave M 0.3 MI
Turn right (S) on 23rd ST
Property on your right
Google Map link

3% Buyer Broker Commission

Only requirements for payment of 3% buyer broker commissions: Texas Broker License and submit contract that escrows, closes and funds.

DON STEFANOV’S FREDERICKSBURG REAL ESTATE A LIST


DON STEFANOV REALTOR® GRI ABR SENIOR PARTNER

830.998.5677

Don Stefanov SWPRE Senior Partner

"I live in Fredericksburg. I started with Fredericksburg's oldest real estate firm and joined SWPRE in 2016. My residential transactions average around $1,000,000. My average farm & ranch and commercial transactions significantly exceed this amount. My BNB transactions span a broad price range based on financials, status (established or planned) and location. I am comfortable with complex commercial investments, winery & vineyard transactions and BNB management. With our HGTV approach, buying or selling with my team combines outstanding service with unmatched technology, analysis and talent."

Don's real estate credentials include Graduate Realtor Institute (GRI) and Accredited Buyer Representative (ABR).

Don has expertise in farm & ranch, luxury homes, investment properties and property management. Don works from Fredericksburg, the capital of the Texas Hill Country and the Texas Wine Trail.

His  primary Texas markets span Boerne, Brownsville, Corpus Christi, DFW, Fredericksburg, Kerrville, Midland-Odessa, San Antonio and Stephenville.

With SWPRE, his work and clientele span Albuquerque, Upper New York State, Chicago, Kansas City, New Orleans, Kansas City-Lawrence, Palm Springs (CA), Santa Fe and Taos.

Don and his wife, Pam Stefanov, often work as a team. They have always been entrepreneurs. They have owned and operated businesses in Los Angeles, Albuquerque, Midland-Odessa and Fredericksburg.

The Stefanovs enjoy the local Fredericksburg community, the Texas Wine Trail, cruises, traveling to the Gulf Coast, Southwest and West Coast!


ADDITIONAL INFORMATION

DON STEFANOV REALTOR® GRI ABR MANAGING PARTNER

m +1 830.998.5677
o   +1 830.900.0266
e    don@swpre.com
w   donstefanov.swpre.com

Contact me by phone, text or email, or just complete the form below


Please provide a valid email address.