Senior Living Apartments

Multi-Family for Sale
Catylist Listing ID: 30373011
Property Subtypes: Senior Living
Number of Units: 24 Units
Building Size (RSF): 29,442 SF
Gross Land Area: 74,052 SF
Sale Price: $1,700,000
Unit Price: $70,833.33 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/17/2019

Overview / Comments

This is a very nicely maintained senior living apartment complex. This property currently has a property tax abatement and may be able to be extended for a new owner. Please do not disturb tenants. In addition to the 24 units this property offers a recreation room 26X19, A Community room 37X19 with a common kitchen to serve the recreation room for special functions. One of the apartments is currently set up for a guest apartment for visiting families and maybe rented by the day. There is a Storm Shelter room and a tenant exercise room set up in this storm shelter room. Beauty parlor located in this property and is attended on a regular schedule. This property offers fantastic common grounds around the facility and has additional land for future development. Garages are rented for an additional amount per month. 12 garages total on the property.

Financials

Finance Data Year 2018
Potential Rental Income $251,440 (Annual)

Additional Details

Nearest MSA: Hays
County: Trego
Submarket Type: Other
Tax ID/APN: 0980820904015001000
Property Condition: Good
Number of Stories: 1
Year Built: 2005
Roof Type: Gable
Parking Description: 12 garages and plenty of off street parking
Laundry: In Each Unit
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Zoning Description: multi-family
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lot:10-18 blk76 dist:21 Wakeeney City of, block 76, Lot 10-18, Acres 1.7 Map Ref 082

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 788 2,048 2,048
Median Age: 45.08 48.75 48.75
Households: 362 936 936

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