113 Reagan StHamilton, TX 76531

For Sale
$850,000

16-unit value-add apartment complex

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a 16-unit multifamily portfolio situated in Hamilton, Texas. Comprising two buildings totaling 13,791 square feet, this Class C property offers a compelling value-add proposition. Built between 1965 and 1975, with renovations completed between 2020 and 2023, the portfolio boasts 16 units across two one-story buildings situated on a 1.36-acre lot. Conveniently located within walking distance of the town square and with easy access to Highway 281, this property presents a strong potential for rental income growth. The portfolio is zoned RS-2 Residential, Commercial, allowing for diverse usage possibilities. Each building houses 8 units, offering a manageable scale for investors. The asking price is $850,000, translating to $61.63 per square foot and $53,125 per unit. The property's address is 113 S Reagan St, Hamilton, TX 76531, with a second building located nearby. This portfolio represents a rare chance to acquire a well-positioned multifamily asset in a growing Texas market. The properties are also available for separate purchase.

Highlights

  • 16-unit multifamily portfolio in Hamilton, TX.
  • Two one-story buildings totaling 13,791 square feet on a 1.36-acre lot.
  • Recently renovated (2020-2023), Class C property.
  • $850,000 asking price ($61.63/SF, $53,125/unit).
  • Convenient location near town square and Highway 281.
  • RS-2 zoning (Residential, Commercial).

Property Details for 113 Reagan St

Property type
Multifamily properties, Apartment buildings
Square Feet
13,791 SF
Class
C
Year Built/Renovated
1965/2020
Buildings
2
Stories
1
Lot Size (sq. ft)
59,242 SF
Units
16

Location Insight

City
Hamilton
County
Hamilton
State
Texas
Latitude
31.7019389
Longitude
-98.1205865
113 Reagan St, Hamilton, Texas

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113 Reagan St
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