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USATXAthensA0171201 Flat Creek Rd
201 Flat Creek Rd, Home with 0 bedrooms, 0 bathrooms and null parking in Athens TX | Image 1
201 Flat Creek Rd, Home with 0 bedrooms, 0 bathrooms and null parking in Athens TX | Image 2
201 Flat Creek Rd, Home with 0 bedrooms, 0 bathrooms and null parking in Athens TX | Image 3
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$6,250,000

Added 3 months ago

201 Flat Creek Rd, Athens, TX

Real Estate

For Sale

Listed price in listed location currency (USD).
$6,250,000

Added 3 months ago

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  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 38760 sqft
Garage No
Taxes $15,660
Days Active 99
Lot Size 
Approx. Age 1962
Avg. Price Per Sqft $161
MLS® Number 25001835

Property Address: 201 Flat Creek Rd, Athens, Texas

Average square foot calculated using Size range provided by listing agent.

Description

Reach out to Listing Agent for Offering Memorandum! Strategically located in Athens, TX, the Lake Ridge Apartments is an ideal investment opportunity for those looking for an as-is, cash-flowing multifamily property with value-add upside. Lake Ridge offers 100 studio units of the same floor plan and size, each equipped with a bathroom and kitchen. Tenants have access to a shared on-site laundry facility, individually keyed mailboxes, and plenty of parking. A charming southern town with an array of national and local retailers, Athens is conveniently located 72 miles east of Dallas and 36 miles west of Tyler. Lake Ridge is walking distance to a Walmart Supercenter and close to public schools (K-12). Opportunity for value-add ranges from additional income through implementation of RUBS and pet fees, to light make-ready improvements in various units. As-is, the property has averaged 94% occupancy and $450, 000+ in annual Net Operating Income over the last three years. Cap Rate - 8.00% Please contact Drake representatives for seller financing options.
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Walk Score®
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Transit Score®
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Bike Score®
MLS® Number25001835
Laundry Level
Central VacNo
FireplaceNo
Acreage3.67
Exterior
GarageNo
Approx. Age1962
Basement
Driveway1 Or More Per Unit
Garage Spaces
HeatOther/See Remarks
A/CWindow Unit(s)
Heating Fuel

Extras

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