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113 N Armstrong Ave Immeuble residentiel 3 lots 113 032 € (37 677 €/Lot) Taux de capitalisation 8,13 % Tulia, TX 79088
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- 3 Income Streams with Value-Add Upside Triplex configuration with 2 occupied units generating immediate cash flow and a 3rd unit under construction
- Major Capital Improvements Already Completed, Roof (2017), furnace (2020), and water heater (2023) reduce near-term capital risk, while tenants pays
- Projected 12% Pro-Forma Cap Rate At $139,900, the property presents strong return potential with projected stabilized income of nearly $27,000 annual
Résumé analytique
?? Value-Add Triplex Investment | Pro-Forma 12% Cap Rate | $139,900
113 N Armstrong Ave presents a rare three-unit investment opportunity in Tulia, Texas. This income-producing property consists of a 4-bedroom primary residence and a detached two-unit building, offering immediate cash flow with strong value-add potential.
Two units are currently occupied, providing stable in-place income, while the third unit (upstairs apartment) is under renovation and positioned to significantly increase overall revenue once completed.
Property Breakdown
Main Residence – 4 Bed / 2 Bath
• Currently rented at $650/month (below market)
• 10-year tenant on month-to-month lease
• Roof replaced 2017
• Furnace replaced 2020
• Water heater replaced 2023
• Tenant pays utilities
Second Building – Two Apartments
Downstairs Unit
• Rented at $600/month
• Stable tenant
• Month-to-month lease
• Tenant pays utilities
Upstairs Unit – 1 Bed / 1 Bath (450 SF)
• Currently under renovation
• Electrical rewire in progress
• Projected rent: $699/month
• Significant upside upon completion
This property offers a clear repositioning opportunity through rent adjustments and completion of the third unit. Ideal for small multifamily investors seeking strong cash-on-cash returns in a stable Texas rental market.
?? Financial Summary (Pro-Forma)
Asking Price: $139,900
Current Income (2 Units Occupied)
• Annual Gross: $15,000
Stabilized Income (3 Units)
• Main House (Projected): $800/month
• Downstairs Apt (Projected): $750/month
• Upstairs Apt (Projected): $699/month
Projected Gross Annual Income: $26,988
Estimated Annual Expenses
• Taxes: $4,500
• Insurance: ~$2,000
• Maintenance (8%): ~$2,159
• Vacancy (5%): ~$1,349
Estimated Stabilized NOI: ~$16,990
Pro-Forma Cap Rate (at $139,900)
~12.1%
Investor Highlights
• Three total rental units
• Two currently cash-flowing
• Third unit adds forced appreciation
• Tenants pay utilities
• Month-to-month flexibility
• Major capital improvements completed
113 N Armstrong Ave presents a rare three-unit investment opportunity in Tulia, Texas. This income-producing property consists of a 4-bedroom primary residence and a detached two-unit building, offering immediate cash flow with strong value-add potential.
Two units are currently occupied, providing stable in-place income, while the third unit (upstairs apartment) is under renovation and positioned to significantly increase overall revenue once completed.
Property Breakdown
Main Residence – 4 Bed / 2 Bath
• Currently rented at $650/month (below market)
• 10-year tenant on month-to-month lease
• Roof replaced 2017
• Furnace replaced 2020
• Water heater replaced 2023
• Tenant pays utilities
Second Building – Two Apartments
Downstairs Unit
• Rented at $600/month
• Stable tenant
• Month-to-month lease
• Tenant pays utilities
Upstairs Unit – 1 Bed / 1 Bath (450 SF)
• Currently under renovation
• Electrical rewire in progress
• Projected rent: $699/month
• Significant upside upon completion
This property offers a clear repositioning opportunity through rent adjustments and completion of the third unit. Ideal for small multifamily investors seeking strong cash-on-cash returns in a stable Texas rental market.
?? Financial Summary (Pro-Forma)
Asking Price: $139,900
Current Income (2 Units Occupied)
• Annual Gross: $15,000
Stabilized Income (3 Units)
• Main House (Projected): $800/month
• Downstairs Apt (Projected): $750/month
• Upstairs Apt (Projected): $699/month
Projected Gross Annual Income: $26,988
Estimated Annual Expenses
• Taxes: $4,500
• Insurance: ~$2,000
• Maintenance (8%): ~$2,159
• Vacancy (5%): ~$1,349
Estimated Stabilized NOI: ~$16,990
Pro-Forma Cap Rate (at $139,900)
~12.1%
Investor Highlights
• Three total rental units
• Two currently cash-flowing
• Third unit adds forced appreciation
• Tenants pay utilities
• Month-to-month flexibility
• Major capital improvements completed
Bilan financier (Réel - 2025) Cliquez ici pour accéder à |
Annuel | Annuel par m² |
|---|---|---|
| Revenu de location brut |
$99,999
|
$9.99
|
| Autres revenus |
-
|
-
|
| Perte due à la vacance |
-
|
-
|
| Revenu brut effectif |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Frais d’exploitation |
$99,999
|
$9.99
|
| Total des frais |
$99,999
|
$9.99
|
| Résultat net d’exploitation |
$99,999
|
$9.99
|
Bilan financier (Réel - 2025) Cliquez ici pour accéder à
| Revenu de location brut | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Autres revenus | |
|---|---|
| Annuel | - |
| Annuel par m² | - |
| Perte due à la vacance | |
|---|---|
| Annuel | - |
| Annuel par m² | - |
| Revenu brut effectif | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Taxes | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Frais d’exploitation | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Total des frais | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Résultat net d’exploitation | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
Informations sur l’immeuble
| Prix | 113 032 € | Style d’appartement | De faible hauteur |
| Prix par lot | 37 677 € | Classe d’immeuble | C |
| Type de vente | Investissement | Surface du lot | 0,11 ha |
| Taux de capitalisation | 8,13 % | Surface de l’immeuble | 361 m² |
| Multiplicateur du loyer brut | 10 | Occupation moyenne | 67% |
| Nb de lots | 3 | Nb d’étages | 2 |
| Type de bien | Immeuble residentiel | Année de construction | 1946 |
| Sous-type de bien | Appartement | ||
| Zonage | R - Immeuble d'appartements multifamilial | ||
| Prix | 113 032 € |
| Prix par lot | 37 677 € |
| Type de vente | Investissement |
| Taux de capitalisation | 8,13 % |
| Multiplicateur du loyer brut | 10 |
| Nb de lots | 3 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Surface du lot | 0,11 ha |
| Surface de l’immeuble | 361 m² |
| Occupation moyenne | 67% |
| Nb d’étages | 2 |
| Année de construction | 1946 |
| Zonage | R - Immeuble d'appartements multifamilial |
Caractéristiques
Caractéristiques du lot
- Climatisation
- Chauffage
- Cuisine
- Réfrigérateur
- Four
- Cuisinière
- Baignoire/Douche
Caractéristiques du site
- Accès 24 h/24
- Accès contrôlé
- CVC contrôlé par l’occupant
- Collecte d’ordures – Sur rue
- Détecteur de fumée
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| 1+1 | 2 | - | 89 |
| 4+2 | 1 | - | 183 |
1 1
Assez praticable à pied
50/100
Exceptionnellement adapté aux voitures
90/100
Assez praticable en vélo
30/100
Taxes foncières
| Numéro de parcelle | 17525 | Évaluation totale | 167 735 € |
| Évaluation du terrain | 5 538 € | Impôts annuels | -1 € (0,00 €/m²) |
| Évaluation des aménagements | 162 197 € | Année d’imposition | 2025 |
Taxes foncières
Numéro de parcelle
17525
Évaluation du terrain
5 538 €
Évaluation des aménagements
162 197 €
Évaluation totale
167 735 €
Impôts annuels
-1 € (0,00 €/m²)
Année d’imposition
2025
1 sur 18
Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
1 sur 1
Présenté par
113 N Armstrong Ave
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