228 Main StJacksonville, TX 75766

This exceptional investment opportunity presents a 38-unit multifamily portfolio located at 228 S Main St, Jacksonville, TX 75766. The property comprises a mix of 33 residential units and 5 commercial units, totaling 40,556 square feet across 25 buildings. Each building is a single-story structure. The portfolio boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $311,100 annually, representing an 8.89% cap rate. The asking price is $3,499,000, translating to $92,078.95 per unit and $86.28 per square foot. The property underwent renovations in 2022. The residential units consist of 15 single-family homes and 9 duplexes. The commercial component is a 5-unit office building situated in downtown Jacksonville. This stabilized investment offers a compelling return on investment with its high occupancy, strong cash flow, and recent renovations. The property's location in Jacksonville, Texas provides a stable market for rental income. Financial records are available upon request to qualified buyers. This is a rare opportunity to acquire a well-maintained, high-performing multifamily portfolio in a desirable location.