114 NW Davis Street
$625,000
114 NW Davis Street, Fabens, TX 79838
6,300 sqft
Building Size
8
Units
Details:
Highlights:
- Number Of Buildings: 3
- Cooling: Ceiling Fan(s), Refrigerated
- Heating: Central
- Flooring: Tile
- Construction Materials: Adobe, Block
- Parking Features: Assigned
Description:
Exceptional income-producing opportunity in growing Fabens, TX! Offered at approximately $78,000 per APARTMENT unit, an outstanding value that would be extremely difficult to duplicate at today's new-construction costs. This well-maintained 8-unit complex is 100% occupied and includes 2 studios, 1 one-bedroom and 5 two-bedroom units. Each unit features a full kitchen and bath, stove, refrigerator and A/C. Excellent tenant retention, with residents staying 2-6 years and two tenants since opening in 2020. Property includes 12 Wi-Fi/app-accessible security cameras, providing added peace of mind for tenants. Coin-operated laundry with 2 washers/2 dryers generates approximately $250-$350 monthly additional income. Landlord pays water; tenants pay electricity and gas. Turnkey investment with established income and strong rental history! DO NOT DISTURBED TENANTS
Location
Gallery
