Multi-Family•Low-Rise/Garden•For Sale

900 Broadway

900 Broadway, Plainview, Texas 79072

Sale Price $285,000
Vacancy 50%
Gross Bldg 8,400 SqFt
Land Area .4 Acres
Project Size 17
Market Plainview
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.
  • In Opportunity Zone
  • 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 8/14/2019 1:46:41 PM

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