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1310 S 23rd St, Temple
10 CAP. 16 Unit Multi-Family. 88 percent occupancy. 2017 Tax Return $70,462 NOI. Proforma $29,603 Net Cash Flow. No rent increase since 2017. Increase rents 5% and lease 2 vacant units to increase Net Cash Flow by 65% to $48,941. At 5 MIN drive time, 31,966 daytime workforce vs. 13,468 residents indicating unmet demand for local housing. % of daytime workforce vs. residents is 65% higher at 5 MIN drive time vs. Temple. Adjoining census tracts to north and east are HUD Qualified Census Tracts.
- MLS® #1609884
- Square Footage18,900
- Year Built1975
- TypeCommercial Sale
- Sub-TypeMulti-Family 5+ Units
- UtilitiesElectricity on Property
- Parking Spaces32
- ConstructionWood Veneer
- Address1310 S 23rd St
- SubdivisionTal-Coe Place
- Zip Code76504
- HeatingCentral Heat
- CoolingCentral Air
Property Listed by: Southwest Partners
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from May 22nd, 2019 at 11:45pm CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
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