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Apartment for Sale in Mineral Wells, TX

Location:

Mineral Wells, Texas

Units:

15
Occupancy 100%

Asking Price:

$435,000

Beautiful 15 unit apartment complex in Mineral Wells, TX. The property has been well maintained and updated; and most of the units are recently completely remodeled like brand new inside with new paint, carpet, tile, fixtures, etc. The property is all electric and has individual hot water heaters and individual central heat/air. The roof and exterior paint are 2 years old. Excellent location in the historic part of town just down the road from a beautiful bed and breakfast. There are 8 two bedroom units, 5 one bedroom units, and 2 efficiencies. The property stays 100% occupied due to the high demand for rental property in Mineral Wells. Mostly elderly/retired tenants. Currently no kids. Income is $7000 per month. The only bills paid by the owner are trash ($215 per month) and water (averages $400 per month). 2 years of bills can be provided to support expenses.



Apartment for Sale Mineral Wells, TX

Apartment for Sale Mineral Wells, Texas

Apartment for Sale Mineral Wells, Texas

Apartment for Sale Mineral Wells, TX
Contact Information:
Ted
Phone: 940-654-0940
 

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Apartment   

June 28, 2010

 
 
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