For Sale
$694,999

106 Davis St New Boston, TX 75570

Ten-unit apartment building, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a ten-unit apartment building located at 106 S Davis St, New Boston, Texas, 75570. The property, situated on a 0.745-acre lot (APN 26140030801), consists of two buildings totaling 8,636 square feet and was built in 1970. The asking price is $694,999, representing a price per square foot of $80. The property's unit mix includes four two-bedroom, one-bathroom units and six three-bedroom, one-bathroom units. All units have undergone updates within the last three years, ensuring modern appeal and minimizing immediate maintenance needs. This multifamily property offers a strong income stream, making it an attractive investment for both seasoned and first-time commercial real estate investors seeking a stable and potentially high-growth opportunity in the New Boston market. The property's location in Bowie County, Texas provides convenient access to local amenities and services. This turnkey investment is ready for immediate income generation and offers significant potential for future appreciation. The property's strong rental history and updated units contribute to its overall value and attractiveness. This is a rare opportunity to acquire a well-maintained, income-producing multifamily property in a desirable location.

Highlights

  • $694,999 asking price.
  • Multifamily apartment building with 10 units.
  • 8,636 square feet; $80 per square foot.
  • Built in 1970; two buildings on a 0.745-acre lot.
  • Located at 106 S Davis St, New Boston, TX 75570 (APN 26140030801).

Property Details for 106 Davis St

Property type
Apartment buildings
Square Feet
8,636 SF
Year Built
1970
Buildings
2
Lot Size (sq. ft)
32,452 SF
Units
10

Location Insight

City
New Boston
County
Bowie
State
Texas
Latitude
33.4582586
Longitude
-94.4228119

FAQs

What type of property is this?
Apartment building - Ten-unit apartment building, high ROI.
Where is the apartment building located?
The property is located at 106 Davis St New Boston, TX.
What is the asking price?
The asking price for this property is $694,999.
What are key features of this property?
This property features: $694,999 asking price.; Multifamily apartment building with 10 units.; 8,636 square feet; $80 per square foot.
How can I contact the broker?
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106 Davis St
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