7 Unit Residential Investment Package | 8 CAP | All Within 2 MI of Baylor Scott & White | Temple, TX | $580,651

5 homes plus 2 garage apartments totaling 7,297 net rentable SF. Actual 8 CAP. All units within 2 MI of Baylor Scott and White. 100 percent rented. All tenants long term. All month to month. No rent increases in several years. All utilities paid by tenants.  Opportunity to improve cash flow, income and CAP with moderate rent increases. Any or all properties appear to be excellent flip potential. All zoned either SF-2 or SF-3. All in Temple ISD. All in Temple City Limits. None in flood zones. Sold ONLY as a package.

Investment Profile: $46,367 Net Operating Income. $17,313 Net Cash Flow. 7.99% CAP rate. 11.25% 1st year cash-on-cash. 1.60 Debt Service Coverage Ratio. Very low risk of market decline for all properties. Valuation increase projections for 2826 Bowie & 2910 San Jacinto: 3.2% 1 year trend and 7.4% 3 year trend. Valuation increase projections for 119 S 23rd ST, 815 S 23rd, 902 S 27th, 902½ and 904 S 27th: 4.7% 1 year trend and 11.3% 3 year trend.

Showing Instructions: Contact Don Stefanov at 830.998.5677 or don@swpre.com.

 

FINANCIAL SUMMARY

 

TEMPLE REAL ESTATE MARKET FUNDAMENTALS

 

2910 SAN JACINTO

 

2826 BOWIE

 

119 S 23RD

 

815 S 33RD

 

902, 902½ & 904 S 27TH

 

FOR MORE INFORMATION

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

 

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119 S 23rd ST
815 S 33rd ST
902, 902½ & 904 S 27th ST 
2826 Bowie TRL
2910 San Jacinto RD

BELL CENTRAL APPRAISAL DISTRICT 

Owner: Laughlin Real Estate Management LLC Series Residential

Totals:

Units: 7
Net Rentable Area: 7,297 SF | 677.91 m2*
Land: 39,800 SF | 0.93 acres | 3,697.54 m2 | .3697 hectares*
2019 Taxes Paid: $10,967

Unit 12910 San Jacinto RD

Legal
:
Property ID: 110065
Legal Description: CIMARRON PHASE II, BLOCK 011, LOT 0002
Geographic ID: 0032171763

Improvements (1,093 HVAC SF):
Year Built: 1985
Main Area: 1,093 SF | 101.54 m2
Garage: 477 SF | 44.31 m2
Open Porch: 35 SF | 3.25 m2
Fireplace

Land:  0.103 acres |  4,500 SF |  418.06 m2 |   0.041 hectares*
Frontage: 45' | 13.71 m
Depth: 100' | 30.48 m

Zoning: SF-3

2019 Property Taxes:
Without Exemptions: $2,917.92
Tax Rate: 2.68317

Unit 22826 Bowie TRL

Legal:
Property ID: 113037
Legal Description: CIMARRON PHASE I REPLAT, BLOCK 007, LOT 0004
Geographic ID: 0032170629

Improvements (1,020 HVAC SF):
Year Built: 1983
Main Area: 1,020 SF | 94.76 m2
Garage: 294 SF | 27.31 m2
Open Porch: 45 SF | 4.18 m2
Open Porch: 27 SF | 2.51 m2
Fireplace

Land:  0. 103 acres |  4,500 SF |  418.06 m2 |   0.041 hectares*
Frontage: 45' | 13.72 m
Depth: 100' | 30.48 m

Zoning: SF-3

2019 Property Taxes:

Without Exemptions: $2,578.04
Tax Rate: 2.68317

Unit 3: 119 S 23rd ST

Legal:
Property ID: 63142
Legal Description: FREEMAN HEIGHTS, BLOCK 019, LOT 0006
Geographic ID: 0052110000

Improvements (888 HVAC SF):
Year Built: Not Reported
Main Area: 888 SF | 82.50 m2
Enclosed Porch: 60 SF | 5.57 m2
Enclosed Porch: 64 SF | 5.95 m2
Awning: 80 SF | 7.43 m2
Detached Garage: No SF Reported
Storage: No SF Reported

Land:  0.16 acres |  7,000 SF |  650.32 m2 |   0.065 hectares*
Frontage: 50' | 15.24 m
Depth: 140' | 42.67 m

Zoning: 2-F

2019 Property Taxes:
Without Exemptions: $1,097.26
Tax Rate: 2.68317

Unit 4: 815 S 33rd ST

Legal:
Property ID: 128910
Legal Description: BELLVIEW, BLOCK 00A, LOT PT 6, (S 50' OF N 58' OF 6)
Geographic ID: 0017220000

Improvements (1,324 HVAC SF):
Year Built: 1929
Main Area: 1,324 SF | 123.00 m2
Open Porch: 25 SF | 2.32 m2
Fireplace
Detached Garage: No SF Reported
Carport: No SF Reported

Land:  0.17 acres |  7,500 SF |  m2 |   0.069 hectares*
Frontage: 50' | 15.24 m
Depth: 150' | 45.72 m

Zoning: 2-F

2019 Property Taxes:
Without Exemptions: $1,547.46
Tax Rate: 2.68317

Units 5-7902, 902½ and 904 S 27th ST

Legal:
Property ID: 63144
Legal Description: FREEMAN HEIGHTS, BLOCK 060, LOT PT 4, 5, 6, (N 112.5' OF 4, 5, 6)
Geographic ID: 0054760000

902 S 27th ST Improvements (1,736 HVAC SF):
Year Built: Not Reported
Main Area: 1,736 SF | m2
Storage: SF Not Reported

902½ S 27th ST Improvements (1008 HVAC SF):
Year Built: Not Reported
Apartment: 264 SF | 24.53 m2
2nd Floor: 744 SF | 69.12 m2
Garage: 480 SF | 44.59 m2
Open Porch: 16 SF | 1.49 m2

904 S 27th ST Improvements (620 HVAC SF):
Year Built: Not Reported
Main Area: 620 SF | 57.60 m2
Garage: 620 SF | 57.60 m2

Land: 0.38 acres |  16,800 SF |  1,560.8 m2 |   0.1561 hectares*
Frontage: 112' | 34.14 m
Depth: 150' | 45.72 m

Zoning: 2-F

2019 Property Taxes:
Without Exemptions: $1,547.46
Tax Rate: 2.68317

CITY OF TEMPLE ZONING DEFINITIONS

 "SF-2" Section 4.3.4 "SF-2, Single-Family Dwelling 2: "The Single-Family Dwelling 2 zoning district permits single-family detached residences and related accessory structures and provides from smaller single-family lots. The district may also be used as a transition from the SF-1 district to less restrictive or denser residential zoning districts."

 "SF-3" Section 4.3.5 "SF-3, Single-Family Dwelling 3: "The Single-Family Dwelling 3 zoning district permits single-family detached residences and related accessory structures and provides single-family development at urban densities in locations well served by public utilities and roadways. This district should have adequate thoroughfare access and be relatively well connected with community and neighborhood facilities such as schools, parks and shopping areas and transit services.

From: Temple TX - Zoning Ordinances / Unified Development Code, page 72.


MAPS

 


DIRECTIONS

Travel east from I-35 N at TX-53 E/Airport RD/W Central AVE 0.4 MI
Turn right (S) on S 23rd ST to 119 S 23rd ST 0.1 MI

Continue on S 23rd 75 feet
Turn right (W) on AVE B 1 block
Turn left (S) on S 25th 0.5 MI
Turn right (W) on AVE I
Turn left (S) on AVE I 1 block to 902, 902½ and 904 S 27th ST

Continue on 27th ST to AVE I 1.5 blocks
Turn left (W) on AVE H 0.2 MI
Turn left (S) on 33rd ST to 815 S 33rd ST

Continue on 33rd ST 1 block
Turn left (E) on AVE K 1 block
Turn right (S) on 31st ST 1.3 MI
Turn right (W) on Canyon Creek DR 1.1 MI
Turn left (E) on San Jacinto RD 0.1 to 2910 San Jacinto RD

Go back to Canyon Creek DR 0.1 MI
Turn left (E) on Bowie TRL 0.1 MI to 2826 Bowie TRL

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.

 

Please provide a valid email address.

LAUGHLIN REAL ESTATE MANAGEMENT LLC SERIES RESIDENTIAL
0032171763
CIMARRON PHASE I REPLAT, BLOCK 007, LOT 0004
CIMARRON PHASE I REPLAT, BLOCK 007, LOT 0004
BELLVIEW, BLOCK 00A, LOT PT 6, (S 50' OF N 58' OF 6)
BELLVIEW, BLOCK 00A, LOT PT 6, (S 50' OF N 58' OF 6)
BELLVIEW, BLOCK 00A, LOT PT 6, (S 50' OF N 58' OF 6)