1203 S Gail Ave
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1203 S Gail Ave
56 Unit Block of Flats £7,102,273 (£126,826/Unit) 8% Net Initial Yield Monahans, TX 79756
EXECUTIVE SUMMARY
Build in 2014, great central location in Permian basin. Next to schools , restaurants, freeway entrance . 95% occupied, 60% under master lease . Great cash flowing property with on site live in manager.
PROPERTY FACTS
| Price | £7,102,273 | Property Subtype | Apartment |
| Price Per Unit | £126,826 | Apartment Style | Garden |
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 8% | Building Size | 63,200 SF |
| Gross Rent Multiplier | 11 | Average Occupancy | 100% |
| No. Units | 56 | Number of Floors | 2 |
| Property Type | Multifamily | Year Built | 2014 |
| Price | £7,102,273 |
| Price Per Unit | £126,826 |
| Sale Type | Investment |
| Net Initial Yield | 8% |
| Gross Rent Multiplier | 11 |
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Building Size | 63,200 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 2014 |
SITE AMENITIES
- Laundry Facilities
- Furnished Units Available
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+2 | 20 | - | 1,000 |
| 3+2 | 36 | - | 1,200 |
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PROPERTY TAXES
| Parcel Number | 0707310 | Improvements Assessment | £331,910 |
| Land Assessment | £2,777 | Total Assessment | £334,688 |
PROPERTY TAXES
Parcel Number
0707310
Land Assessment
£2,777
Improvements Assessment
£331,910
Total Assessment
£334,688
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Presented by
Arthur Drozd
1203 S Gail Ave
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