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Reagan & Boynton Portfolio 113 S Reagan St

16 Unit Block of Flats £587,475 (£36,717/Unit) 6.63% Net Initial Yield Hamilton, TX 76531

Executive Summary

Compass Commercial is pleased to present the exclusive opportunity to acquire the Reagan & Boynton Portfolio, consisting of two properties located at 113 S Reagan St and 501 E Boynton St in Hamilton, TX, with a total of 13,791 square feet. These two buildings, situated within a six-minute walk of each other, each contain 8 units. The properties are available for separate purchase, with the Reagan property priced at $300,000 and the Boynton property at $450,000. This acquisition represents a value-add opportunity, conveniently located within walking distance of the town square and offering easy access to HWY 281.
Contact listing broker for the most recent rent roll, T12, and offering memorandum.

Property Facts

Price £587,475
Price Per Unit £36,717
Sale Type Investment
Net Initial Yield 6.63%
No. Units 16
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 1.36 AC
Building Size 13,791 SF
Average Occupancy 81%
Number of Floors 1
Year Built/Renovated 1975/2020
Parking Ratio 1.89/1,000 SF

Unit Amenities

  • Air Conditioning
  • Disposal
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Heating
  • Kitchen
  • Refrigerator
  • Range
  • Lawn
  • Window Coverings

Site Amenities

  • 24 Hour Access

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 3 - -
2+1 13 - -

zoning

Zoning Code RS-2 (Residential, Commercial)
RS-2 (Residential, Commercial)
  • Listing ID: 32970331

  • Date on Market: 27/08/2024

  • Last Updated:

  • Address: 113 S Reagan St, Hamilton, TX 76531

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