130 Town St Centerville, TX 75833

Discover this one-of-a-kind investment opportunity in the Texas Triangle with this recently renovated 16-unit complex boasting competitive cap rate and price per door! $230k in renovations between 2018-2024, and the property still allows for multiple value add opportunities! The property boasts two... main buildings - 2013 build and 1988 build - with 8 units each, plus a freestanding clubhouse & laundry room, 32-car parking lot, a slab where 8 more units can be built, and 1.05 acre lot providing plenty of room for expansion. All units are identical 2 bed/1 bath with functional floorplan, allowing for easier management. The property has almost no competition in Centerville and is 100% occupied as a result! It is professionally managed and has great long-term tenants in place. Finally, this property boasts effective tax rate of only 0.55% (based on the tax appraisal value). Continue reading