Multifamily Housing - For Sale
1100 Indiana Street Graham, TX 76450
Details & Description
Price: $3,490,000
  • Property Type Multifamily for Sale
  • Lot Size Acres 2.500
  • Building Sq Ft 21,818
  • Building Price per Sq Ft $159.96
  • Land Sq Ft 108,909
  • Land Price per Sq Ft $32.05
  • NOI $300,000
  • CAP Rate % 8.60
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

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
$3,490,000
For Sale
  • Property Type Multifamily for Sale
  • Lot Size Acres 2.500
  • Building Sq Ft 21,818
  • Building Price per Sq Ft $159.96
  • Land Sq Ft 108,909
  • Land Price per Sq Ft $32.05
  • NOI $300,000
  • CAP Rate % 8.60
  • 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
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.

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

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.

Listing Location & Map Views
Other Multifamily Housing Listings for Sale Nearby
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2206 W Hickory St, Denton, TX $1,063,700 7784 0.25
212 S Shady Shores Rd, Lake Dallas, TX $3,375,250 32448 2.82
1595 South Old Orchard Lane, Lewisville, TX CALL 245888 5
2211 South Vernon Avenue, Dallas, TX CALL 29464 2
801 North Lancaster Avenue, Dallas, TX $675,000 5645 1
1500 North Carroll Avenue, Dallas, TX $3,100,000 14206 2
4810 Gaston Avenue, Dallas, TX CALL 16696 1
3410 Fordham Rd, Dallas, TX CALL 114000 3.71
123 Lions Club Park Rd, Lancaster, TX CALL 74600 -
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
Listing Agent
No Image Available

Cindy Salinas

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