Multifamily
Fall Creek
11000 CR 152, Bullard, TX 75757
Listing Price: $2,950,000
Investment Overview
Marcus & Millichap is pleased to announce the exclusive listing of Fall Creek, a 16-unit, 2022/2023 built apartment community priced at $2.95 Million with a Cap Rate of 6.65% (Actual, Tax Adjusted).
Fall Creek is located in Bullard, TX - just 15 miles south of Tyler. The Tyler metropolitan area has a population of 245,000 people with a 13.1% population growth from 2010-2022. The median household income within 1 mile of Fall Creek is $80K.
Fall Creek
Investment Highlights
- PRICED TO SELL $2,950,000 • 6.65% Cap Rate (Actual, Tax Adjusted) • 9.28% Day-One Cash Flow • +1.93X 5-Year Return on Equity
- 6.65% Cap Rate (Actual with Tax Adjustment)
- 15 Miles South of Tyler with Impressive Demographics
- 100% Occupied Brand-New Turnkey Asset
- 4% Below Market Rate Rent
Exclusively Listed By
Listing Price: $2,950,000
Investment Highlights
- PRICED TO SELL $2,950,000 • 6.65% Cap Rate (Actual, Tax Adjusted) • 9.28% Day-One Cash Flow • +1.93X 5-Year Return on Equity
- 6.65% Cap Rate (Actual with Tax Adjustment)
- 15 Miles South of Tyler with Impressive Demographics
- 100% Occupied Brand-New Turnkey Asset
- 4% Below Market Rate Rent
Investment Overview
Marcus & Millichap is pleased to announce the exclusive listing of Fall Creek, a 16-unit, 2022/2023 built apartment community priced at $2.95 Million with a Cap Rate of 6.65% (Actual, Tax Adjusted). Fall Creek is located in Bullard, TX - just 15 miles south of Tyler. The Tyler metropolitan area has a population of 245,000 people with a 13.1% population growth from 2010-2022. The median household income within 1 mile of Fall Creek is $80K.
Exclusively Listed By
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