4318 Faith & 2947 Cunningham | 4120 Faith Rd
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4318 Faith & 2947 Cunningham 4120 Faith Rd
6 Unit Block of Flats £1,095,430 (£182,572/Unit) Wichita Falls, TX 76308
Investment Highlights
- 3 Separate Buildings
- 12 Storage units being leased for additional income
- Handicap Accessible
Executive Summary
3 of Wichita Falls nicest small apartment complexes being SOLD together as a package deal. The current income is 12,150/month but is being raised to $12,925/month as leases come up for renewal.
2947 Cunningham is a brick duplex in Faith Village built in 2018 with 2052 square feet per ADO. Lot size is 50 X 150. Both units are occupied. Tenants pay for all utilities. There is a shared patio. Property is gated. Both units are handicap accessible. All bathrooms and kitchens have granite countertops.
4318 Faith is a triplex built in 2016 with 3015 square feet per ADO. Lot size is 95 X 95. All these units are handicap accessible. The property is fenced with plenty of parking.
4120 Faith is a 6-plex. These units have covered parking and patios in the back. It was built in 2005 and has 5,870 square feet per ADO. Property is gated.
At the time of listing, these properties are 100% occupied with great tenants. Each of the properties are 2 bedroom, 2 bath with a utility room. The bathrooms are extremely nice. Kitchens each have stove, refrigerator, dishwasher, and microwave. All units have granite countertops in the kitchen and bathrooms. There are 12 storage units for an additional income source.
Great opportunity for the investor who wants low maintenance properties. For more information call The Sandra Wortham Team at 940-264-4663 or 940-733-6080.
2947 Cunningham is a brick duplex in Faith Village built in 2018 with 2052 square feet per ADO. Lot size is 50 X 150. Both units are occupied. Tenants pay for all utilities. There is a shared patio. Property is gated. Both units are handicap accessible. All bathrooms and kitchens have granite countertops.
4318 Faith is a triplex built in 2016 with 3015 square feet per ADO. Lot size is 95 X 95. All these units are handicap accessible. The property is fenced with plenty of parking.
4120 Faith is a 6-plex. These units have covered parking and patios in the back. It was built in 2005 and has 5,870 square feet per ADO. Property is gated.
At the time of listing, these properties are 100% occupied with great tenants. Each of the properties are 2 bedroom, 2 bath with a utility room. The bathrooms are extremely nice. Kitchens each have stove, refrigerator, dishwasher, and microwave. All units have granite countertops in the kitchen and bathrooms. There are 12 storage units for an additional income source.
Great opportunity for the investor who wants low maintenance properties. For more information call The Sandra Wortham Team at 940-264-4663 or 940-733-6080.
Property Facts
| Price | £1,095,430 | Building Class | C |
| Price Per Unit | £182,572 | Lot Size | 0.60 AC |
| Sale Type | Investment | Building Size | 5,870 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Residential | Number of Floors | 1 |
| Property Subtype | Apartment | Year Built | 2005 |
| Apartment Style | Low Rise |
| Price | £1,095,430 |
| Price Per Unit | £182,572 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 5,870 SF |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built | 2005 |
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Walk Score ®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 108314 | Improvements Assessment | £401,618 |
| Land Assessment | £81,937 | Total Assessment | £483,554 |
PROPERTY TAXES
Parcel Number
108314
Land Assessment
£81,937
Improvements Assessment
£401,618
Total Assessment
£483,554
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4318 Faith & 2947 Cunningham | 4120 Faith Rd
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