Investor Wanted for 16 Apartment Units! NOI $90,400. Cap Rate 7.5%. This is an 8-Unit Apartment Complex in New Braunfels, TX! Owner has second 8-Unit Apartment Complex on same street and must be sold together. Total price for 16-units is $1,200,000. Address of 2nd complex is 1085 Linde, New Braunfels, TX 78130. Both complexes are nearly 100% occupied with positive cashflow of around $90,400/Annually. Monthly rents are estimates only. 2 Units are currently occupied by management personnel at no charge so new owner could increase income $1,400+/- per month. Showing is very limited to qualified Buyers only.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
