AVAILABLE AGAIN: DIRECT TO THE SELLER: GREAT TEXAS 8 UNIT VALUE ADDED MULTI-FAMILY ASSET THAT WOULD BE A EXCELLENT 1031 EXCHANGE OR A SOLID SMALL INVESTMENT.
PURCHASE PRICE PER THE SELLER OF $925,000 PLUS THE BUYER PAID 6% REAL ESTATE COMMISSION POF NEEDED
SUBJECT PROPERTY ADDRESS
2316 BUCHANAN STREET
WICHITA FALLS, TEXAS 76309
This apartment complex is comprised of eight 1 bed/1 bath units, as well as covered parking for all units.
Units are 700 sqft. a piece. In October 2021, and overhauled the entire complex with over $175,000 in
capital improvements and a new commercial hot-water heater for the complex, valued at $30,000.
Property is in overall great condition and needs nothing.
8/8 units are currently rented.
Value add:
All units can be bumped to $850.00 monthly as is.
The 8 parking spaces could go for $30 monthly. Currently included in rent.
Insurance can be reduced by going through Obie.
Currently utilities are paid for by landlord and eventually could be pushed onto the tenant.
