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113 N Armstrong Ave
Tulia, TX 79088

$129,000 USD

Apartments For Sale  •  3,888 SF

Property Details

  • Property Type Apartments
  • Total Building Size 3,888 SF
  • Lot Size 0.26 AC
  • Building Class C
  • Year Built 1946
50 Walk Score

Highlights

??3 Income Streams with Value-Add Upside Triplex configuration with 2 occupied units generating immediate cash flow and a 3rd unit under construction
Projected 12% Pro-Forma Cap Rate At $139,900, the property presents strong return potential with projected stabilized income of nearly $27,000 annual
Major Capital Improvements Already Completed, Roof (2017), furnace (2020), and water heater (2023) reduce near-term capital risk, while tenants pays

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Controlled Access
  • Tenant Controlled HVAC
  • Heating
  • Trash Pickup - Curbside
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Smoke Detector
Kim Kramer 502-645-7739 WKF Realty LLC
Kim Kramer 502-645-7739 WKF Realty LLC