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Eagle Ford Apartments 1609 N Hill St

28 Unit Block of Flats £1,719,343 (£61,405/Unit) Three Rivers, TX 78071

Investment Highlights

  • 28 furnished units
  • Granite Countertops
  • Well Maintained
  • Eagle Ford Shale Location

Executive Summary

28 fully furnished corporate units finished in 2013. Granite Countertops, Solid Wood doors, No Carpet, Laundry Room. Asset is off Highway 281 and 3 miles from the 281 & I-37 Intersection and 1.5 miles from the Valero Refinery. Rig counts have been going up in the Eagle Ford Shale as oil prices have increased. This is an opportunity to own a multifamily asset in an area with a severe shortage of housing for oil workers.

Data Room Click Here to Access

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £1,719,343
Price Per Unit £61,405
Sale Type Investment
No. Units 28
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.86 AC
Building Size 19,200 SF
Average Occupancy 100%
Number of Floors 2
Year Built 2012

Unit Amenities

  • Washer/Dryer Hookup
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Oven
  • Range
  • Wi-Fi

Site Amenities

  • 24 Hour Access
  • Furnished Units Available

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 28 - 500 - 900

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0040-0001-0040-00
Land Assessment
£30,353
Improvements Assessment
£338,395
Total Assessment
£368,748
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
  • Listing ID: 26321736

  • Date on Market: 03/08/2022

  • Last Updated:

  • Address: 1609 N Hill St, Three Rivers, TX 78071

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