For Sale
$750,000

706 6Th StTaylor, TX 76574

Four-unit, stabilized apartment building with strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional two-story, 4-unit apartment building located at 706 W 6th St, Taylor, TX 76574, presents a compelling investment opportunity. Built in 2016, this Class B property boasts a total of 4,204 square feet of net rentable space, currently operating at 75% occupancy. The asking price is $750,000, translating to $178.40 per square foot and $187,500 per unit. The property generates a substantial net operating income (NOI) of $38,800, yielding a 5.17% capitalization rate. This stabilized investment, ideal for an owner-user, offers a solid return on investment with potential for increased revenue through improved occupancy. The property is situated in Williamson County, Texas, within the city of Taylor. This multifamily asset presents a rare chance to acquire a well-maintained, cash-flowing property in a growing market. The building's solid construction and desirable location make it an attractive option for both seasoned investors and those seeking a hands-on approach to real estate ownership. The property's strong financials and potential for future growth make it a highly desirable investment.

Highlights

  • $750,000 asking price for a stabilized multifamily investment property.
  • Four-unit apartment building in Taylor, TX.
  • Class B property built in 2016, totaling 4,204 square feet.
  • $178.40 per square foot, with a 5.17% cap rate and $38,800 NOI.
  • 75% occupancy, offering a $187,500 price per unit.

Property Details for 706 6Th St

Property type
Apartment buildings
Square Feet
4,204 SF
Class
B
Year Built
2016
Buildings
1
Stories
2
Units
4

Location Insight

City
Taylor
County
Williamson
State
Texas
Latitude
30.5723552
Longitude
-97.4173279
706 6Th St, Taylor, Texas

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706 6Th St
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