Riverside Cottages | 1083 County Road 315
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Riverside Cottages 1083 County Road 315
15 Unit Block of Flats £1,214,115 (£80,941/Unit) 9.65% Net Initial Yield Rainbow, TX 76077
Investment Highlights
- Riverside Cottages offers a 100% leased multifamily community with 15 units across 13 buildings with significant operational upside.
- Placed just off Hwy 67 and approximately 50 miles from Fort Worth, residents enjoy a peaceful environment with access to quality urban amenities.
- Value-add opportunities include the addition of utility reimbursements, monthly storage charges, and the construction of on-site laundry facilities.
- Features a metal roof on a concrete slab, standalone HVACs in all but two units, individual water heaters, and three units with W/D connections.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Third Party Reports
- Title and Insurance
Property Facts
| Price | £1,214,115 | Apartment Style | Garden |
| Price Per Unit | £80,941 | Building Class | C |
| Sale Type | Investment | Lot Size | 3.82 AC |
| Net Initial Yield | 9.65% | Building Size | 12,636 SF |
| No. Units | 15 | Average Occupancy | 100% |
| Property Type | Residential | Number of Floors | 1 |
| Property Subtype | Apartment | Year Built | 2001 |
| Price | £1,214,115 |
| Price Per Unit | £80,941 |
| Sale Type | Investment |
| Net Initial Yield | 9.65% |
| No. Units | 15 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.82 AC |
| Building Size | 12,636 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built | 2001 |
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Tub/Shower
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £537,007 | |
| Land Assessment | £90,142 | Total Assessment | £627,149 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£90,142
Improvements Assessment
£537,007
Total Assessment
£627,149
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Riverside Cottages | 1083 County Road 315
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