Price Reduction - Views
Address
501 Sunset Lane Copperas Cove, TX
Price
$ 374,990
Property Attributes
  • MLS#9915702
  • TypeCommercial
  • CountyCORYELL
  • CityCopperas Cove
  • AreaOut of Area
  • NeighborhoodCUMMINGS ADDN #2
  • Zip76522
  • StyleApartment
  • Year Built1971
  • Taxes2785
  • Price$ 374,990
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4503
  • Lot Size10,454 SqFt
Listing Provided Courtesy Of:
Keller Williams Realty
Property Description

FULLY OCCUPIED EXPECTED CAP UPON RENEWAL 9.81%, CURRENT CAP 7.63% Each unit features 2 Beds, 1 Bath! Fresh paint, recessed can lighting, remodeled kitchen with new appliances, remodeled bathrooms & hard flooring throughout Current tenants are paying $525 per month. Market shows that units could easily rent for $600-$650. Comparable apartments in area are not remodeled and the current owner has never listed the properties as for lease/ only word of mouth (investors gain)! Once priced and marketed appropriately over 7% cap rate expected

Price History
10/12/2020 Listed $399,990
11/17/2020 7% - $374,990

General Features

Accessibility None
Current Use Investment
Flooring Tile
Heating Central
MLS Area Out of Area
New Construction No
Parking Features AdditionalParking, Assigned, PermitRequired, ParkingLot
Property SubType Apartment
Property Type CommercialSale
Sewer PublicSewer
Special Listing Conditions Standard
Terms Cash, Conventional, Item1031Exchange
View None

Interior Features

Air Conditioning Y/N Yes

Exterior Features

Building Area Total 4503.0
Foundation Details Slab
Horse Y/N Yes
Lot Size Acres 0.24
Lot Size Area 0.24
Lot Size Source PublicRecords
Number of Buildings 1
View Y/N No
Water Source Public
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 76522

Price
AVG $480K
$370K
Taxes
AVG $3,978
$2,785
Visits
AVG 43
7
Year Built
AVG 1978
1971

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover