312 Hickerson Street, Cedar Hill, TX 75104
- 6,786 sqft
Commercial Property 
Built in 1985 
0.48acre lot
—— car garage 
$228/sqft 
Listed 9 days ago
Property Description
Profitable Multifamily complex investment. 312 Hickerson is an 8-unit apartment complex which contains 8 separate apartment units, 6 are 2 bedroom and 2 bath units that rent for $1,500 per month. Two are 1 bedroom and 1 bath units that rent for $1,100 per month. Five of the 8 units have been completely remodeled in the last 24 months down to the studs including new stainless steel appliances, new flooring, new plumbing & electrical fixtures. These include 4-two bedroom units and 1-one bedroom unit. In the current configuration, the annual rent is $126,000. Expensed are the property taxes, currently at $25,800 annually, insurance, $8569, repairs, maintenance and management fees are $7,500, and vacancy rate is negligible. Total annual expenses are $41,869. This leaves a total profit before taxes of $84,131 which shows a market CAP of 5.6. Seventy percent of the close knit community residing at 312 Hickerson has lived there 8 plus years with some much longer.
- Listing Status:
- Active
- Listing Office:
- RE/MAX Preferred Associates : 972-293-4550
- Listing Agent:
- Vernon Mimms :
- MLS ID:
- 21015329
- Flooring: Vinyl
- A/C: Central Air
- Heating: Central
This listing courtesy of Vernon Mimms, RE/MAX Preferred Associates
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
Location
Schools Nearby
Bray Elementary School
218 N Broad St, Cedar Hill, TX, 75104
Grades PK-5
0.50 miles away
W. S. Permenter Middle School
431 W Parkerville Rd, Cedar Hill, TX, 75104
Grades 6-8
0.71 miles away
Cedar Hill High School
1 Longhorn Blvd, Cedar Hill, TX, 75104
Grades 9-12
0.37 miles away