Vision Commercial Real Estate is pleased to present the opportunity to acquire 216 S. Devine Street, located less than one mile from Tarleton State University. Originally built as a Single-Family dwelling in 1920, the property was converted to a 10-unit apartment complex in the mid 1980’s. Each residential unit is equipped with their own electric meter, PTAC cooling system, and individual hot water heaters. The property is currently stabilized at 100% occupancy, with current rents averaging $75-$100 below market comps. This asset provides an investor with positive cash-flow from day-one along with the ability to substantially increase the NOI through continuing interior renovations.
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Listing information last updated on January 17th, 2020 at 8:15am CST.