210 Chilton StGoliad, TX 77963

Property Details for 210 Chilton St

Year built

1979

Property type

Apartment buildings

Description

This exceptional multifamily investment opportunity presents an 18-unit apartment building located at 210 S Chilton St, Goliad, TX 77963. The property, built in 1979, comprises two, two-story buildings totaling 14,732 square feet of net rentable space. Currently boasting an 8.75% capitalization rate and a Net Operating Income (NOI) of $96,218, this property offers a compelling value-add proposition. The asking price is $1,100,000, translating to $61,111.11 per unit. Significant upside potential exists through rental increases and improvements to the on-site laundry facilities. The property benefits from strong in-place cash flow and high tenant retention due to limited housing options in Goliad. Its convenient location offers walkability to the city square, providing easy access to local restaurants, shops, and services. The property's APN is 1001-000700-000003. This is a rare opportunity to acquire a well-positioned multifamily asset in the historic town of Goliad, Texas, with substantial potential for increased profitability. The property's strong cash flow and value-add potential make it an attractive investment for discerning buyers. This is a turnkey opportunity to acquire a stable income-generating asset with significant upside potential.

Location Insight

City

Goliad

County

Goliad

State

Texas

Latitude

28.6666

Longitude

-97.3939

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