706 6Th StTaylor, TX 76574
- Apartment buildings
- 4,204 SF
Property Details for 706 6Th St
- Year built
- 2016
- Property size (Sq ft)
- 4,204 SF
- Property type
- Apartment buildings
Description
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.
Location Insight
- City
- Taylor
- County
- Williamson
- State
- Texas
- Latitude
- 30.5724
- Longitude
- -97.4173
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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