















































Property Attributes
- MLS#402137
- TypeSingle Family
- CountyBELL
- CityTemple
- Neighborhood- CIMARRON PHASE II
- Zip76502
- StyleTraditional
- Price$ 560,651
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage1093
- Lot Size0.93 Acres
Listing Provided Courtesy Of:
Southwest Partners
Property Description
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, 902 and 904 S 27th: 4.7% 1 year trend and 11.3% 3 year trend.
Price History | |
---|---|
2/18/2020 | Listed $560,651 |
General Features
Accessibility | None |
---|---|
Appliances | Electric Water Heater |
Architectural Style | Traditional |
Association Amenities | Storage |
Carport Spaces | 2 |
Carport Y/N | Yes |
Community Features | Storage Facilities |
Construction Materials | Frame |
Cooling | 1 Unit |
Elementary School District | Temple ISD |
Exterior Features | Covered Patio, Porch, Storage |
Flooring | Carpet, Laminate |
Garage Spaces | 1 |
Garage Y/N | Yes |
High School District | Temple ISD |
Levels | One, Two |
Middle/Junior School District | Temple ISD |
Other Structures | Garage Apartment |
Patio/Porch Features | Covered, Patio, Porch |
Property SubType | Other |
Property Type | Residential |
Stories | 1 |
Subdivision Name | : CIMARRON PHASE II |
Terms | Cash, Conventional |
Total Units | 1 |
Utilities | Cable Available |
View | None |
Water Body Name | None |
Zoning Description | SF3 |
Interior Features
Air Conditioning Y/N | Yes |
---|---|
Fireplace Features | Living Room |
Fireplace Y/N | Yes |
Heating Y/N | Yes |
Laundry Features | Laundry in Utility Room, Laundry Room |
Living Area | 1093 |
Exterior Features
Fencing | Partial |
---|---|
Foundation Details | Pillar/Post/Pier, Slab |
Lot Dimensions | Various |
Lot Size Acres | 0.93 |
Lot Size Area | 0.93 |
Road Frontage Type | City Street |
Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool