Newly Remodeled Sixteen Unit Complex

Newly Remodeled Sixteen Unit Complex

Newly Remodeled Sixteen Unit Complex
Start Price -
Current Price -
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Bid Count 0
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Start Time Friday, August 15, 2008
End Time Thursday, November 13, 2008
Location Snyder, Texas

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Description
Property Description: Newly remodeled 16 unit complex. New laundry facility on site including two new coin-op Maytag washing machines, two new coin-op Maytag dryers, and one new coin-op Combo 3/6 vending machine with bill validator. All units have new Roper refrigerators, GE electric stoves, and Whirlpool water heaters. Mostly new fans and lighting fixtures. Many with new carpets. Approximately 12 units have new paint in the interiors. Well-lit outside with all new Mercury vapor lights installed all the way around for extra security and safety. Good pitched comp roof. (Approximately 10 years on a 25-year comp.) Less than a mile from West Texas College and D. M. Cogdell Memorial Hospital. Walk to Wal Mart. Convenient, hence always full. units rent for $600 to $700 per month. (All units are 2 bedroom, 1 bath, same floorplan.) Vending/Laundry room will pull up to $2000 per month as tenants from surrounding complexes come to use my equipment. Nothing in Snyder to buy or rent at the moment so there is still a tremendous upside potential on the rents, as well as the possibility of building more on the lot. Location Description: Snyder TexasSquare footage of lot and property is approximate.  

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12/5/2008 6:16:35 AM