4244 Burkburnett Road $1,895,000


    4244 Burkburnett Road Wichita Falls, TX 76306

    • 0 Beds
    • 0 Baths
    • Multi-Family
    • MLS# 14555169
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    Views: 68

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    Property Details

    Description Tours

    Calling All Investors! Strong value-add opportunity! 26 unit apartment complex and a 53 unit mini storage facility on side by side parcels. Apartment complex offers a strong value-add opportunity. Cash-flows Day 1. Going in Cap of 6.56%. After renovations and stabilization cap rate of 9%, IRR 26% & Cash on Cash 15.45%. 10 units have been fully renovated. 4 units partially renovated. 12 classic units ready to renovate as they turn. Storage MLS Listing number is 14555167. Contact me today for additional information.

    • General Features
      • Association Type None
      • Complex Name Double S Apts
      • County Or Parish Wichita
      • Financing Proposed Cash,Conventional
      • Interior Features Cable TV Available,Window Coverings
      • Pool Yn 0
      • Possession Closing/Funding
      • Property Sub Type MUL-Apartment/5Plex+
      • Property Type Multi-Family
      • Security System YN 0
      • SQFT Building 15416
      • Subdivision Name Mckenzie Knight
      • Unexempt Taxes $12,054
      • Utilities City Sewer, City Water
      • Year Built 1945
      • Year Built Details Preowned
    • Building Features
      • Building Area Source Tax
      • Construction Materials Brick,Siding,Wood
      • Flooring Carpet,Luxury Vinyl Plank,Wood
      • Foundation Details Pier & Beam,Slab
      • Heating Central Air-Elec,Central Heat-Elec,Panel/Floor/Wall,Window Unit
      • Number Of Buildings 7
      • Number Of Parking Spaces 26
      • Number Of Stories 2
      • Number Of Units 26
      • Parking Features Open,Unassigned Spaces
      • Roof Metal,Other
      • Unit Count 0
    • Property Features
      • Lot Size 1 Acre to 2.99 Acres
      • Lot Size Area 1.310
      • Lot Size Area SQFT 57063.60
      • Lot Size Units Acres
      • Waterfront Y/N 0
    • Schools
      • Elementary School Name Haynes
      • Middle School Name Kirby
      • High School Name Hirschi
      • School District Wichita Falls ISD
    • Additional Features
      • Tax Legal Description BLOCK 21A REPLAT BLKS 21 & 22 MCKENZIE KNIGHT
      • Other Equipment Other
      • Handicap Yn 0


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    Ebby Halliday Customer Care


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    Prosperity Home Mortgage, LLC

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    ©2021 North Texas Real Estate Information Systems, Inc. All Rights Reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, North Texas Real Estate Information Systems, Inc.

    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.