Thistlewoodd Apartments, 225 E. Cora Lee St | 225 E Cora Lee St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Thistlewoodd Apartments, 225 E. Cora Lee St 225 E Cora Lee St
12 Unit Block of Flats £700,293 (£58,358/Unit) 9% Net Initial Yield Sour Lake, TX 77659
Investment Highlights
- Hardin Jefferson Schoold Distric
- Centrally Located
- Serene Area
Executive Summary
The Thistlewood Apartments offers a rare opportunity to purchase a well-established complex that has been kept up to date and is well maintained since being built in 1984 and nestled in a serene setting just off the main thoroughfare of Sour Lake, Texas. This 12-unit property is being offered at $895,000.00 with a psf price of $82.26 for the entire building and $74,583.33 per unit which is well below replacement cost. Replacement costs in the area are upwards of $200 psf! Each Unit is seperately metered for water/sewer and Electical utilities and just a few blocks from both Hardin Jefferson School campuses.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£82,627
|
£7.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£82,627
|
£7.59
|
| Taxes |
£6,344
|
£0.58
|
| Operating Expenses |
£16,353
|
£1.50
|
| Total Expenses |
£22,697
|
£2.09
|
| Net Operating Income |
£59,929
|
£5.51
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £82,627 |
| Annual Per SF | £7.59 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £82,627 |
| Annual Per SF | £7.59 |
| Taxes | |
|---|---|
| Annual | £6,344 |
| Annual Per SF | £0.58 |
| Operating Expenses | |
|---|---|
| Annual | £16,353 |
| Annual Per SF | £1.50 |
| Total Expenses | |
|---|---|
| Annual | £22,697 |
| Annual Per SF | £2.09 |
| Net Operating Income | |
|---|---|
| Annual | £59,929 |
| Annual Per SF | £5.51 |
Property Facts
| Price | £700,293 | Building Class | C |
| Price Per Unit | £58,358 | Lot Size | 0.51 AC |
| Sale Type | Investment | Building Size | 10,880 SF |
| Net Initial Yield | 9% | Average Occupancy | 92% |
| No. Units | 12 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1984 |
| Property Subtype | Apartment | Parking Ratio | 2.67/1,000 SF |
| Apartment Style | Low Rise |
| Price | £700,293 |
| Price Per Unit | £58,358 |
| Sale Type | Investment |
| Net Initial Yield | 9% |
| No. Units | 12 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 10,880 SF |
| Average Occupancy | 92% |
| Number of Floors | 2 |
| Year Built | 1984 |
| Parking Ratio | 2.67/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Dining Room
- Family Room
- Lawn
- Vinyl Flooring
- Window Coverings
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Fiber Optic Internet
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 12 | £622.05 | 900 |
1 of 1
zoning
| Zoning Code | Hardin County |
| Hardin County |
1 of 23
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Thistlewoodd Apartments, 225 E. Cora Lee St | 225 E Cora Lee St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.