Red Oak Quadplexes - Significant Rent Upside
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Red Oak Quadplexes - Significant Rent Upside
12 Unit Block of Flats For Sale Red Oak, TX 75154
Investment Highlights
- Significant Rent Upside As Is
- Income generating opportunity
- Convenient amentites
- Located near prominent industrial developments
- Well maintained
- Easy commute
Executive Summary
The quadplex is situated in a quiet and peaceful residential neighborhood, making it an ideal setting for families and individuals seeking tranquility. With three quad units, this property offers a great potential for rental income, providing an excellent investment opportunity
for our clients. The property boasts a well-maintained exterior and interior, ensuring a comfortable and inviting living experience for
tenants. The property boasts a well-maintained exterior and interior, ensuring a comfortable and inviting living experience for tenants .With easy access to major roads and highways, commuting to neighboring areas and the city center is quick and hassle-free.
for our clients. The property boasts a well-maintained exterior and interior, ensuring a comfortable and inviting living experience for
tenants. The property boasts a well-maintained exterior and interior, ensuring a comfortable and inviting living experience for tenants .With easy access to major roads and highways, commuting to neighboring areas and the city center is quick and hassle-free.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£131,997
|
£9.78
|
| Other Income |
£12,091
|
£0.90
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£144,088
|
£10.67
|
| Taxes |
£29,254
|
£2.17
|
| Operating Expenses |
£28,172
|
£2.09
|
| Total Expenses |
£57,426
|
£4.25
|
| Net Operating Income |
£86,662
|
£6.42
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £131,997 |
| Annual Per SF | £9.78 |
| Other Income | |
|---|---|
| Annual | £12,091 |
| Annual Per SF | £0.90 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £144,088 |
| Annual Per SF | £10.67 |
| Taxes | |
|---|---|
| Annual | £29,254 |
| Annual Per SF | £2.17 |
| Operating Expenses | |
|---|---|
| Annual | £28,172 |
| Annual Per SF | £2.09 |
| Total Expenses | |
|---|---|
| Annual | £57,426 |
| Annual Per SF | £4.25 |
| Net Operating Income | |
|---|---|
| Annual | £86,662 |
| Annual Per SF | £6.42 |
Property Facts
| Sale Type | Investment | Lot Size | 1.10 AC |
| No. Units | 12 | Building Size | 13,500 SF |
| Property Type | Residential | Average Occupancy | 98% |
| Property Subtype | Apartment | Number of Floors | 1 |
| Apartment Style | Single Family Home | Year Built/Renovated | 1985/2021 |
| Building Class | B | Parking Ratio | 2.67/1,000 SF |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Single Family Home |
| Building Class | B |
| Lot Size | 1.10 AC |
| Building Size | 13,500 SF |
| Average Occupancy | 98% |
| Number of Floors | 1 |
| Year Built/Renovated | 1985/2021 |
| Parking Ratio | 2.67/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+2 | 12 | £826.35 | - |
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Red Oak Quadplexes - Significant Rent Upside
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