Lamar Park | 210 S Lamar St
Cette fonctionnalité n’est pas disponible pour le moment.
Nous sommes désolés, mais la fonctionnalité à laquelle vous essayez d’accéder n’est pas disponible actuellement. Nous sommes au courant du problème et notre équipe travaille activement pour le résoudre.
Veuillez vérifier de nouveau dans quelques minutes. Veuillez nous excuser pour ce désagrément.
– L’équipe LoopNet
Votre e-mail a été envoyé.
Lamar Park 210 S Lamar St Immeuble residentiel 11 lots 496 208 € (45 110 €/Lot) Itasca, TX 76055
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Low Basis Opportunity, 11 Individually Metered Units Located off I-35 Within 30 Minutes of DFW
- Lowering Management Overhead and Slightly Increasing the Below Market Rents Allows for Pro Forma 9.5% Cap Rate and Double-Digit Yields
- Situated Less Than One Mile from Interstate 35 – Itasca is Located In-Between Fort Worth and Waco, Squarely Within the “Texas Triangle”
- Operational Upside by Reducing Costs – Out of State Ownership Bought Large Portfolio and is Liquidating Asset that Lacks Proper Structure to Efficient
- Well Maintained Asset – Over $50K Invested by Current Ownership – Unit Upgrades, Exterior Upgrades, Parking Lot Repairs, and All Electric Panels Repla
- Lack of Competition – Property has Experienced Historically High Occupancy and Low Delinquency Due to Few Comparable Properties
RÉSUMÉ ANALYTIQUE
Lamar Park is an 11-unit, individually metered, community that is located in Itasca, Texas. This property is two blocks from Main Street and located roughly one mile from Interstate 35. Itasca, affectionately known as the “Big Little Town,” has a stable population and a lack of comparable multifamily housing. Itasca ISD and school campuses are located less than half a mile away from Lamar Park. The property is located in an Opportunity Zone, which offers potential tax advantages for a prospective owner.
The subject property was built in 1976 and consists of two brick buildings with mansard style roofs, individual HVACs, individual hot water heaters, and concrete slab foundations. Capital expenditures include exterior repairs and maintenance, partial roof replacement, parking lot repairs, and complete electric panel replacement. The interiors of most units have brown vinyl flooring, white appliances, and resurfaced countertops. The two upgraded units feature grey vinyl flooring, black appliances, ceiling fans, and updated fixtures.
Lamar Park presents a new owner with the opportunity to acquire an exceptionally performing, well maintained property in an undersupplied market within the “Texas Triangle” at an excellent basis. The out-of-state seller bought this property as a 17-property portfolio but plans to liquidate Lamar Park, as they are not set up to effectively manage this property. This property requires minimal capex due to the professionalism of the seller but can be run much more effectively. A new buyer can make large strides in growing NOI through lowering expenses from a more viable management structure and moving rents marginally towards market, which comps suggest there is ample room. The property also has no other income streams in place today. By executing this frictionless plan, a new owner can expect future cash on cash returns of 15% and an internal cap rate of 9%. Lamar Park is being offered free & clear of existing debt.
The subject property was built in 1976 and consists of two brick buildings with mansard style roofs, individual HVACs, individual hot water heaters, and concrete slab foundations. Capital expenditures include exterior repairs and maintenance, partial roof replacement, parking lot repairs, and complete electric panel replacement. The interiors of most units have brown vinyl flooring, white appliances, and resurfaced countertops. The two upgraded units feature grey vinyl flooring, black appliances, ceiling fans, and updated fixtures.
Lamar Park presents a new owner with the opportunity to acquire an exceptionally performing, well maintained property in an undersupplied market within the “Texas Triangle” at an excellent basis. The out-of-state seller bought this property as a 17-property portfolio but plans to liquidate Lamar Park, as they are not set up to effectively manage this property. This property requires minimal capex due to the professionalism of the seller but can be run much more effectively. A new buyer can make large strides in growing NOI through lowering expenses from a more viable management structure and moving rents marginally towards market, which comps suggest there is ample room. The property also has no other income streams in place today. By executing this frictionless plan, a new owner can expect future cash on cash returns of 15% and an internal cap rate of 9%. Lamar Park is being offered free & clear of existing debt.
INFORMATIONS SUR L’IMMEUBLE
| Prix | 496 208 € | Surface du lot | 0,18 ha |
| Prix par lot | 45 110 € | Surface de l’immeuble | 721 m² |
| Type de vente | Investissement | Occupation moyenne | 100% |
| Nb de lots | 11 | Nb d’étages | 2 |
| Type de bien | Immeuble residentiel | Année de construction | 1976 |
| Sous-type de bien | Appartement | Zone de développement économique [USA] |
Oui
|
| Classe d’immeuble | C | ||
| Zonage | F1 - Commercial | ||
| Prix | 496 208 € |
| Prix par lot | 45 110 € |
| Type de vente | Investissement |
| Nb de lots | 11 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Classe d’immeuble | C |
| Surface du lot | 0,18 ha |
| Surface de l’immeuble | 721 m² |
| Occupation moyenne | 100% |
| Nb d’étages | 2 |
| Année de construction | 1976 |
| Zone de développement économique [USA] |
Oui |
| Zonage | F1 - Commercial |
1 of 1
TAXES FONCIÈRES
| Numéro de parcelle | 134539 | Évaluation des aménagements | 175 232 € |
| Évaluation du terrain | 24 490 € | Évaluation totale | 199 722 € |
TAXES FONCIÈRES
Numéro de parcelle
134539
Évaluation du terrain
24 490 €
Évaluation des aménagements
175 232 €
Évaluation totale
199 722 €
1 de 3
VIDÉOS
VISITE 3D
PHOTOS
STREET VIEW
RUE
CARTE
1 of 1
Présenté par
Lamar Park | 210 S Lamar St
Vous êtes déjà membre ? Connectez-vous
Hum, une erreur s’est produite lors de l’envoi de votre message. Veuillez réessayer.
Merci ! Votre message a été envoyé.