This mid-century, 4-unit apartment complex is a great investment opportunity located along the northern end of US Highway 277 in Eldorado, Texas. Originally constructed in the 1950s, all units have been meticulously maintained, updated, and remodeled.
Each 1 bedroom / 1 bath unit offers approximately 572 square feet of living space. Combination living room / dining room areas are adjacent to kitchens that offer all necessary appliances. Painted drywall, bedroom and living room ceiling fans, and vinyl flooring are standard in all units. Composition roofing for all units is approximately three years old and the property conveys with an adjacent lot perfect for future expansion. Orientation of the complex provides privacy and easy access to tenants.
Historical shortage of good rental property in Eldorado makes the complex an attractive investment. Tenant turnover is low and economic activity in the immediate area is projected to consistently rise. The high probability of maintaining maximum occupancy for the foreseeable future adds to the property’s appeal.
Terms: Cash or Third Party Financing. No owner financing available.
Estimated Taxes: $1,916.32 (2023)
Estimated Annual Insurance: $2254.00
For more details on the property please call Carla Bradley (325) 226-5560 or Lynn Meador (325) 650-6324.
