900 Broadway, Plainview, Texas 79072
900 Broadway is a 16 unit apartment building in downtown Plainview, TX. This also includes a small office building and vacant land between the two properties. Currently, only the first floor of the apartment building is occupied. With a $65,000 renovation budget, you should be able to complete the 2nd story and get the office updated so that you'll have an extra 9 units of rental income.
Plainview TX is located at the intersection of Interstate 27 and Highway 70 between Lubbock and Amarillo. The population was 22,194 at the 2010 census. It is home to Wayland Baptist University. The largest employers in the area are Wal-Mart Distribution, Azteca, United Supermarkets, and Covenant Hospital.
- 16 unit apartment building + lot + small office building
- Renovation opportunity
- Stabilized post renovation proforma cash on cash return of 14.64%
4/17/2019 2:33:41 PM
6/18/2019 5:10:08 PM