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 1053 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.
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