Contacts
Ryan Franckhauser
Greg Brownd - Go-Getters Multifamily
(214) 735-3750
Property Details
- Property Type Multi-Family
- Property Size 71,742 SF
- Units 130
- Lot Size 111,300 Acre
- Year Built 1984
- Date Updated Feb 12, 2024
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Highlights
- - High rental demand with low competing supply
- - Continued RUBS implementation
- - Central location within Monahans
- Performance Metrics:
- - Projected 5 Year Average Cash on Cash Return 9.0%
- - Projected 5 Year Levered IRR 18.7%
- - Value Add $692,000
- - Owner T&I adjusted Cap Rate 9.2%
Attachments
Getting around
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Walk Score ®
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Location
- City Monahans, TX
- Zip Code 79756
Points of Interest
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Texaco
6.37 miles
-
Shell
6.43 miles
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Hawthorn Suites by Wyndham Monahans
0.30 miles
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Candlewood Suites Monahans
0.43 miles
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Holiday Inn Express & Suites Monahans I-20
0.43 miles
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Microtel Inn and Suites by Wyndham Monahans
0.55 miles
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Best Western Plus Monahans Inn & Suites
0.63 miles
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Americas Best Value Inn
0.69 miles
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Comfort Inn & Suites
0.71 miles
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Texan Inn
0.72 miles
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Silver Spur Motel
0.84 miles
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La Quinta Inn & Suites by Wyndham Monahans
1.19 miles
In-Depth Research Available for this Property
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Contact Listing Broker
Ryan Franckhauser
Greg Brownd - Go-Getters Multifamily
(214) 735-3750