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    501 Sunset Ln

    Copperas Cove, TX 76522
    • $350,000
    • STATUS: Active
    • ID#: 9915702
    Price Reduced
    UPDATED: 36 min ago
    $350,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1971
    County:

    School Ratings & Info

    Description

    FULLY OCCUPIED EXPECTED CAP UPON RENEWAL 9.81%, CURRENT CAP 7.63% Each unit features 2 Beds, 1 Bath! Fresh paint, recessed can lighting, remodeled kitchen with new appliances, remodeled bathrooms & hard flooring throughout Current tenants are paying $525 per month. Market shows that units could easily rent for $600-$650. Comparable apartments in area are not remodeled and the current owner has never listed the properties as for lease/ only word of mouth (investors gain)! Once priced and marketed appropriately over 7% cap rate expected

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    © 2021 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-01-24T00:24:39.103.
    austin.papasanproperties.com/homes/110931695
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    501 Sunset Ln Copperas Cove, TX 76522

    • Price: $350,000
    • Status: Active
    • Updated: 36 min ago
    • ID#: 9915702
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    1971
    Built
    Neighborhood:
    Cummings Addn #2
    County:
    Coryell
    Area:
    Copperas Cove
    Property Description
    FULLY OCCUPIED EXPECTED CAP UPON RENEWAL 9.81%, CURRENT CAP 7.63% Each unit features 2 Beds, 1 Bath! Fresh paint, recessed can lighting, remodeled kitchen with new appliances, remodeled bathrooms & hard flooring throughout Current tenants are paying $525 per month. Market shows that units could easily rent for $600-$650. Comparable apartments in area are not remodeled and the current owner has never listed the properties as for lease/ only word of mouth (investors gain)! Once priced and marketed appropriately over 7% cap rate expected
    Exterior Features

    Attached Garage YN No Bays 0 Construction Materials BrickMasonry €“ All Sides Foundation Details Slab Garage YN No Other Structures None Parking Features Additional ParkingAssignedParking LotParking Permit RequiredReserved Stories Total 1 View None Waterfront YN No

    Interior Features

    Building Area Total 4503 Cooling Central Air Flooring Tile Heating Central

    Property Features

    Accessibility Features None Additional Parcels YN No Building Features AppliancesKitchen Equipment Current Use InvestmentMulti-Family Estimated Taxes 2785.03 Horse YN No Listing Terms CashConventional1031 Exchange New Construction YN No Property Attached YN Yes Property Condition ResaleUpdated/Remodeled Property Sub Type Apartment Sewer Public Sewer Special Listing Conditions Standard Utilities Electricity Connected Water Source Public

    Property listed by Keller Williams Realty.


    © 2021 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-01-24T00:24:39.103.
     
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    Papasan Real Estate Team @ Keller Williams Realty
    1801 S. Mopac Expwy, Ste 100
    Austin TX, 78746