1005 Southgate Dr
$300,000
1005 Southgate Dr, Brady, TX 76825
4,200 sqft
Building Size
0.4269 acres
Lot Area
Details:
Highlights:
- 9.5% Cap Rate on Actuals
- 100% Occupancy
- Large Rental Upside
Description:
"The Go-Getters Multifamily Team is proud to present the exclusive listing of The Southgate Apartments.
This 8-unit property was originally built in 1976 and offers a strong value-add investment opportunity. Currently 100% occupied, the property provides day 1 cash flow with a 9.5% cap rate on actuals, making it an attractive option for investors seeking immediate returns. In addition to the strong in-place performance, below-market rents offer clear upside potential through strategic rent increases and operational improvements.
Brady, TX is centrally located along U.S. Highways 87, 190, and 377, making it a key connection point between Central and West Texas. The Southgate Apartments are just minutes from major local employers like the Heart of Texas Healthcare System, the City of Brady, and the West Texas Rehabilitation Center. The property is also within 0.5 miles of Brady Elementary, Middle, and High School, making it ideal for families and local workers.
Documents:
| Title | ||
|---|---|---|
| Execute_Buildout_CA.pdf |
Location
Gallery
