775 Fm 2264Decatur, TX 76234
High-Yield Storage & Rental Complex
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 93
Highlights
- 40% occupancy in storage units, 100% occupancy in rental units.
- 7% current cap rate, projected 10% cap rate at full storage occupancy.
- $43,000 projected monthly gross income at full occupancy.
- Six buildable lots across from duplex with existing utilities (sewer, water, power).
- 10% management fee; $12,347 annual storage unit taxes; $28,368 annual property taxes; $5,357 annual storage insurance; $228 monthly software/hosting fees; $424 average monthly electric cost.
- Seller will consider all reasonable offers.
Property Details for 775 Fm 2264
- Property type
- Multifamily properties, Other mixed-use properties
- Square Feet
- 19,000 SF
- Year Built
- 2023
- Buildings
- 20
- Lot Size (sq. ft)
- 518,364 SF
- Units
- 98
Location Insight
- City
- Decatur
- County
- Wise
- State
- Texas
- Latitude
- 33.196319114551
- Longitude
- -97.539470631535
Nearby Similar for Sale
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