Broadway Apartments

Multi-Family for Sale
Catylist Listing ID: 30394056
Property Subtypes: Low-Rise/Garden
Number of Units: 16 Units
Building Size (RSF): 8,400 SF
Gross Building Area: See Agent
Sale Price: $285,000
Unit Price: $17,812.50 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Broadway Apartments
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 6/12/2020

Overview / Comments

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.

Attachments & Media

Additional Details

Nearest MSA: Plainview
County: Hale
Area Description: 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.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,841 24,270 28,382
Median Age: 29.01 31.28 31.79
Households: 1,539 8,244 9,035

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