Jasper, Texas The College Street Apartment building was constructed in 1910 as a Boarding House. The boarding house was built by William Parker Cook, the man...
Apartment Building - College Street Apartments, 100% occupied w/ upside
Status: Price: Bldg. Size: Units: Cap Rate: Primary Type: Sub-Type:
Active $160,000 3,936 SF 6 7.00% Multifamily Garden/Low-Rise
Highlights
Great visibility
100% occupied
Great Bargain
Upside in rental rates
no deferred maintenance
Description
The College Street Apartment building was constructed in 1910 as a Boarding House. The boarding house was built by William Parker Cook, the man who is known to many as the man who helped create the look of Jasper, Texas
The present building houses five (5) apartments: one two-bedroom, three one-bedroom. and one efficiency. Additionally, a (1) one bedroom apartment was built on the grounds by one of the owners. There are two storage buildings on the property and a duplex next door that needs renovating .
All 6 rentable apartments are occupied. The 2 units next door need rehab for a total of 8 units.
-Great Bargain -1 year old metal roof -(5) are Fully Furnished -Good Value Add play -On a Corner lot -Large Front Porch -2 Storage sheds -Has balconies -Great visibility -100% occupied -Currently on-site management -Good Drive up appeal -Have Survey current and completed 11/23/10
546 college Street and 522 College Street Jasper, TX 75951
