Built in 2016 the property features a 12-unit multifamily and a 1,325 SF single family home on 5 acres, this property is a rare find. With a 5.2% pro forma capitalization rate, below average rents, and more acreage for expansion with city utilities at the site, this property is an excellent choice for investors seeking a solid return on investment. This property is adjacent to a major development to the East on Loop 323, 1 mile to the East that has Brookshires Grocery Store purchasing 9 acres in February 2023 and QSR pad sites under contract to national QSR’s. Infrastructure construction to begin Q2 2023. Call broker for financial information. Appraisal completed in February 2023.