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1007 Power Plant Rd,  Pearsall TX, 78061 (Residential Income)

Status: Active
MLS#: 1289587
1of
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Last Updated: 4/23/2018 5:25 PM
Description for 1007 Power Plant Rd Pearsall, TX 78061
8.99% CAP RATE WITH TREMENDOUS UPSIDE . OWNERS CIRCUMSTANCES HAVE CHANGED, $500K PRICE DROP THIS MONTH. OWNER FINANCING IS AN OPTION.INVESTMENT OPPORTUNITIES DO NOT COME ALONG LIKE THIS ONE VERY OFTEN. THIS IS A PORTFOLIO PURCHASE OF 46 DOORS. 30 ARE LOCATED IN DILLEY, TX AND 16 ARE IN PEARSALL, TX. 30 UNITS IN DILLEY ARE SOLID 2 STORY CONSTRUCTION (2/1) WITH ALL THE AMNETIES, RECREATION ROOM, EXERCISE ROOM, AND LAUNDRY FACILITY. 16 UNITS IN PEARSALL ARE ALL SINGLE FAMILY HOMES (2/1) WITH METAL ROOFS.
Price
$2,000,000
None
Frio
1289587
Active
Description
8.99% CAP RATE WITH TREMENDOUS UPSIDE . OWNERS CIRCUMSTANCES HAVE CHANGED, $500K PRICE DROP THIS MONTH. OWNER FINANCING IS AN OPTION.INVESTMENT OPPORTUNITIES DO NOT COME ALONG LIKE THIS ONE VERY OFTEN. THIS IS A PORTFOLIO PURCHASE OF 46 DOORS. 30 ARE LOCATED IN DILLEY, TX AND 16 ARE IN PEARSALL, TX. 30 UNITS IN DILLEY ARE SOLID 2 STORY CONSTRUCTION (2/1) WITH ALL THE AMNETIES, RECREATION ROOM, EXERCISE ROOM, AND LAUNDRY FACILITY. 16 UNITS IN PEARSALL ARE ALL SINGLE FAMILY HOMES (2/1) WITH METAL ROOFS.
Listing Information
Property Type: Two Story, 2 Story
$0 2012 Siding
None
Unknown
Slab
Electric
46 Total
Neighborhood
School Information
District: Dilley
DILLEY MARY HARPER DILLEY
Room Information
Interior Features
Garbage Disposal, Refrigerator
Laminate
Central Air
Electric Heating, Central
Furnished, Window Coverings
Exterior / Lot Features
Parking Pad
Siding
Composition
Patio Slab, Cable Tv Available, Clubhouse, Common Utility Room
Driving Directions
OUT OF SAN ANTONIO, 35 S TO THE DILLEY EXIT, TURN LEFT BACK UNDER 35, PROPERTY IS ON THE RIGHT, VERY ACCESSIBLE OFF OF HWY 35
Financial Considerations
00080-00015-00200
$10,000
Conventional,1st Seller Carry,Cash
$410,950 Income ,$227,427Expense
Listing Price History

Pearsall Real Estate

Pearsall is located in Texas. Pearsall, Texas 78061 has a population of 9,980.

The median household income in Pearsall, Texas 78061 is $33,906. The median household income for the surrounding county is $35,681 compared to the national median of $53,482. The median age of people living in Pearsall 78061 is 31.7 years.

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Courtesy: Lockwood Realty Group, LLC
This content last refreshed on 4/23/2018 5:25 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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