USATXCedar HillBalcoms Rev Ed312 Hickerson St
312 Hickerson St, Home with 0 bedrooms, 0 bathrooms and null parking in Cedar Hill TX | Image 1
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$1,550,000

312 Hickerson St, Cedar Hill, TX

Real Estate

For Sale

$--,---,---
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  • Key Facts
  • Description
  • Map

Key Facts

Type Hotel Motel
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $25,800
Days Active 43
Approx. Age 1985
MLS® Number 21015329

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® Number21015329
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1985
Stories1
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatCentral
A/CCentral Air
Heating Fuel

Extras

Land & Improvements

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