> J. Elmer Turner, Realtors Inc. Marc Mattox - (972) 672-0030 Multifamily Property For Sale College Street Apartments, 100% occupied w/ upside 546 College Street, Jasper, TX 75951 Price:$155,000No. Units:8Building Size:3,936 SFPrice/Unit:$19,375Property Type:MultifamilyProperty Sub-type:Garden/Low-RiseProperty Use Type:InvestmentCommission Split:3%Cap Rate:7.50%Occupancy:100%No. Stories:2Year Built:1910Lot Size:0.84 AC Last Verified 1/24/2011 Listing ID 16871223 Map of 546 College Street, Jasper, TX 75951 (Jasper County) Find out more about 546 College Street, Jasper Highlights Great visibility 100% occupied Great Bargain Upside in rental rates no deferred maintenance Description The College Street Apartment building was constructed in 1910 as a Boarding House. The boarding house was built by William Parker Cook, the man who is known to many as the man who helped create the look of Jasper, TexasThe present building houses five (5) apartments: one two-bedroom, three one-bedroom. and one efficiency. Additionally, a (1) one bedroom apartment was built on the grounds by one of the owners. There are two storage buildings on the property and a duplex next door that needs renovating .All 6 rentable apartments are occupied.The 2 units next door need rehab for a total of 8 units.-Great Bargain-1 year old metal roof-(5) are Fully Furnished -Good Value Add play-On a Corner lot-Large Front Porch-2 Storage sheds-Has balconies-Great visibility-100% occupied-No deferred Maintenance-Currently on-site management-Good Drive up appeal-Have Survey current and completed 11/23/10-Motivated 546 college Street and 522 College StreetJasper, TX 75951 Financial Summary ? Proforma Year 2010 Scheduled Gross Income $26,580 Unit Mix Information Description No. Units Avg. Mo. Rent eff 1 $350 small 1/br 2 $300 large 1/br - utilities paid 1 $490 large 1/br 1 $375 large 2/br 1 $700 Additional Photos J. Elmer Turner, Realtors Inc. Marc Mattox - (972) 672-0030 The information above has been obtained fr
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