Address
4244 Burkburnett Road Wichita Falls, TX
Price
$ 2,000,000
Property Attributes
  • MLS#14555169
  • TypeMulti-Family
  • CountyWICHITA
  • CityWichita Falls
  • AreaWICHITA COUNTY
  • NeighborhoodMckenzie Knight
  • Zip76306
  • StyleMUL-Apartment/5Plex+
  • Year Built1945
  • Taxes$ 12054
  • Price$ 2,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage15416
  • Lot Size1.31 Acres
Listing Provided Courtesy Of:
Keith Auten with Auten Realty LLC
Data Source:
NTREIS
Property Description

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.

Elementary School Middle School High School
Haynes Elementary School Kirby Middle School Hirschi High School
Price History
4/16/2021 Listed $2,000,000

General Features

# of Buildings 7
Block 21A
Complex Name Double S Apts
Construction Materials Brick, Siding, Wood
Flooring Carpet, Luxury Vinyl Plank, Wood
HOA Type None
Heating Central Air-Elec, Central Heat-Elec, Panel/Floor/Wall, Window Unit
Interior Features Cable TV Available, Window Coverings
Listing Area WICHITA COUNTY (93)
Other Equipment Other
Property Type Multi-Family
Proposed Financing Cash, Conventional
School District Wichita Falls ISD
School Name Haynes
School Name Hirschi
Stories 2
Sub Area WICHITA COUNTY (1)
Subdivision Mckenzie Knight
Tenancy Over 9 Months
Type MUL-Apartment/5Plex+
Utilities City Sewer, City Water
Virtual Tour Url Branded drive.google.com/file/d/1WNEPh3mC1rlTC1MZdT6Sn7esA5_ymCbI/view?usp=sharing
Virtual Tour Url Unbranded https://www.propertypanorama.com/instaview/ntreis/14555169
Year Built 1945
Year Built Details Preowned

Interior Features

# of Units 26
Sqft Building 15416

Exterior Features

Foundation Pier & Beam, Slab
Lot Size Area 1.310
Lot Size Area 1.310
Lot Size Area (acres) 1.310
Lot Size Area (sq Ft) 57063
Lot Size Units Acres
Number Of Parking Spaces 26
Parking Features Open, Unassigned Spaces

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 76306

Price
AVG $2M
$2M
Taxes
AVG $12,054
$12,054
Visits
AVG 188
187
Year Built
AVG 1945
1945
Walkscore
AVG 44
44
Data Provided by Walkscore ® not using MLS data

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