20,000 Square Foot Multi-Family Space For Sale @ 622 Euclid St

This is a remodeled 20 unit apartment complex across the street from the new Willis Knighton Doctor's Hospital. This area is experiencing a resurgence with the multi million dollar renovation of Doctor's Hospital and Red River Brewery. In addition to this there are several other building renovations occurring in the surrounding area. The cap rate of 12.6% is based on a 85% occupancy and it also includes a 10% management fee and other expenses that may not continue with a new owner. The apartment units in the building are studio size and have all been remodeled. The building has a new electrical service, new roof, and new plumbing where needed. It also had a coin operated laundry for the use of the tenants in the basement. Financials and a list of specific things that were remodeled are available upon request.