Ridgecrest Apartments

3700 Cactus Cv Breckenridge, TX 76424

3700 Cactus Cv, Breckenridge, TX, 76424
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,200,000
Last Verified:
Jul 11, 2024

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Highlights

  • 48 units
  • Walking distance to major employers and amenities
  • Less than 2 hours west of Fort Worth

Description

Ridgecrest is a 48 unit complex in Breckenridge, TX that has 24 one bedroom units and 24 two bedroom units. The electric is separately metered and tenants pay. Owner currently pays for water/sewer/and trash. This is a value add opportunity, property currently has low occupancy, and the water bill could be allocated back to the tenants to improve NOI. The projected returns on the proforma cash flows are based on investing $5,000/unit for 19 of the units to get them made ready and upgraded to similar properties.

Breckenridge is located on Hwy 180, less than 2 hours west of Fort Worth, by Hubbard Creek Lake. The population is a little over 5,200. The property is located on the north side of the main east/west highway through town within walking distance of Wal Mart, Tractor Supply, and McDonalds.

Building Size: 35328sq ft
Lot Size: 2.69 acres

Map of 3700 Cactus Cv, Breckenridge, TX, 76424

Presented by:
Keller Williams Realty - KW Commercial - Accel Group

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Greg Brownd


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