Multifamily Housing
1100 Indiana Street Graham, TX 76450
Details & Description
Price: $3,490,000
    Multi-family portfolio opportunity in Graham, TX. Graham combines the best of small town living with city conveniences. With a population just shy of 10,000 people and a cost of living index 20% lower than national average, this little town is a great place to call home. There are currently only 5 apartment complexes total available to rent, and most have no vacancies. This Class B portfolio includes 3 properties: 1100 Indiana St, 1222 Brazos St, and Single Family Residence 1207 Calaveras. Units are consistently fully occupied. Cap rate was 7.9 in 2020 and is projected to increase to 8.2 or higher in 2021, since all known repairs have been addressed and over 350k in renovations have been poured into the properties. These are 2 of the 5 complexes in Graham, making it easy to stay fully occupied. Laundry rooms are available at each property, providing an additional income stream. Located near Possum Kingdom Lake and Mineral Wells.
    Listing Agents
    Cindy Salinas

    M: 817-475-0251
    salinasrealtyfortworth@gmail.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    1100 Indiana Street

    Graham, TX 76450

    2 Apartment Complexes for sale

    Listing ID: 207512
    • 1100 Indiana Street Graham, TX 76450 | for Sale | Photo 1
    • 1100 Indiana Street Graham, TX 76450 | for Sale | Photo 2
    1100 Indiana Street | for Sale | Thumbnail 1
    1100 Indiana Street | for Sale | Thumbnail 2
    Building Size: 21,818 SF
    Lot Size: 2.500 AC
    Land Size: 108,909 SF
    Building $/SF: $159.96
    Land $/SF: $32.05
    Price
    $3,490,000
    Description

    Multi-family portfolio opportunity in Graham, TX. Graham combines the best of small town living with city conveniences. With a population just shy of 10,000 people and a cost of living index 20% lower than national average, this little town is a great place to call home. There are currently only 5 apartment complexes total available to rent, and most have no vacancies. 

    This Class B portfolio includes 3 properties: 1100 Indiana St, 1222 Brazos St, and Single Family Residence 1207 Calaveras. Units are consistently fully occupied. Cap rate was 7.9 in 2020 and is projected to increase to 8.2 or higher in 2021, since all known repairs have been addressed and over 350k in renovations have been poured into the properties. These are 2 of the 5 complexes in Graham, making it easy to stay fully occupied. Laundry rooms are available at each property, providing an additional income stream. Located near Possum Kingdom Lake and Mineral Wells.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     

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    Graham Area Market Trends

    Listing Demographics for 1100 Indiana Street Graham, TX 76450

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population4,9518,4419,087
    Population Median Age414040
    Population by Age0-9 Yrs627 (12%)1092 (12%)1155 (12%)
    10-19 Yrs571 (11%)1129 (13%)1238 (13%)
    20-29 Yrs667 (13%)1018 (12%)1040 (11%)
    30-39 Yrs555 (11%)1070 (12%)1140 (12%)
    40-49 Yrs605 (12%)1007 (11%)1076 (11%)
    50-59 Yrs676 (13%)1058 (12%)1183 (13%)
    60-69 Yrs419 (8%)764 (9%)877 (9%)
    70+ Yrs831 (16%)1304 (15%)1378 (15%)
    Median HH Income$47,299$44,643$45,466
    Total Household Income< 24K437 (21%)739 (21%)782 (21%)
    25-49K638 (31%)1138 (33%)1187 (32%)
    50-74K303 (14%)487 (14%)531 (14%)
    75-99K103 (5%)321 (9%)359 (9%)
    100-199K503 (24%)656 (19%)726 (19%)
    200K+66 (3%)69 (2%)75 (2%)
    Highest Education LevelNo Diploma60710811135
    Diploma or GED99518772046
    Some College94915041608
    Assoc. Degree121274303
    Bachelors Degree495626703
    Higher Degree232288322
    Total Housing Units2,3853,9344,241
    --Owner-Occupied1,3872,4132,640
    --Renter-Occupied6639961,020
    Owner-Occupied Values< 100K58113531426
    100-199K503708782
    200-299K203224265
    300-399K101119137
    400-499K0411
    500K+0619
    Total Working Age Population3,9476,5747,088
    In Work Force2,4554,0414,328
    Not In Work Force1,4912,5332,760
    Workforce Employed2,3443,9224,207
    Workforce Unemployed919699
    Civlian Workforce2,4354,0194,306
    Military Workforce202222
    Total Households2,0503,4093,660
    Family Households1,2902,2812,491
    Non-Family Households7601,1281,170
    Married Couple1,1121,7431,921
    Other Family179538570
    Married w/Child360643699
    Single Male w/Child13115121
    Single Female w/Child110248254

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Texas20,851,820+2125,145,561+1829,677,668+1834,894,452
    Young County17,943+318,550+118,712018,749

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

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    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 1100 Indiana Street in Graham?
    The asking price for 1100 Indiana Street is $3,490,000
    What is the building size of this Multifamily property in Graham, TX?
    The size of the building/unit at 1100 Indiana Street in Graham is 21,818 square feet
    How much land does the Graham, TX property at 1100 Indiana Street include?
    1100 Indiana Street in Graham includes 2.500 acres of land
    What is the population within 1 mile of 1100 Indiana Street in Graham?
    The population within 1 mile of 1100 Indiana Street Graham, TX 76450 is 4,951 people.
    Who do I contact for questions about 1100 Indiana Street?
    You should contact the listing agent, Cindy Salinas, for any details regarding this commercial listing.

    Closest Commercial Airports

    Airport Distance (mi)
    Sheppard Air Force Base-Wichita Falls Municipal Airport (SPS) 62
    Dallas Fort Worth International Airport (DFW) 90
    Dallas Love Field (DAL) 101
    Price
    $3,490,000
    Listing Agent
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