Immediate Cash Flow! 12% Income Cap rate

Adams Ave Apartments located in the heart of Pecan country.

Property is made of concrete blocks inside and out. 100% occupied 25 unit (4) building apartment complex.

Unit Mix: 2-Studios, 10-(1) Bedroom, 13-(2) Bedroom

No Deferred maintenance. Tenants pay all utilities.

Apartments have been completely remodeled inside and out. Exterior has been totally painted, new roofs installed in all 4 buildings. Property has LED security lamps in the back of the drive ways. Gravel roads where graded and built up to 4 inches. New concrete pads where built for all apartments. New windows installed in all apartments as well as new Steel doors in the majority. Central Ac/Heat in all two bedroom units and brand new window units Ac/Heat capable of handling 550 sq ft have been installed in Studio and 1 Bedroom apartments.

Inside we have NEW heavy duty vinyl flooring; lights; ceiling fans; kitchen cabinets; Water heaters; toilets; bathroom vanity;kitchen, bath and shower faucets - everything NEW!

It is located within walking distance of DownTown, near I-75 and HWY 31 for easy commute

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The property is currently managed by an on site manager who would stay in-place offering a truly

Total Gross Monthly Income $10,400

Total Gross Yearly Income GYI $124,800

Potential Vacancy % 5 = $6,240 adjusted GYI $118,560

Op Expense 17.87% - $22,305 Net Operating Income $96,255

Monthly Operating Income $8,021

Cap Rate Offer Price 12.05%