900 S Tool Drive
Tool, TX 75143

This offering is available for $278,888 up until February 28. Without a signed contract before deadline, the Seller plans to rehab the subject property. So, get this property while it can be yours! Moreover, this apartment building has a $950,000 Official Appraised After-Repair Value (per Barletta and Associates, Inc.). Projected NOI after year 1 following stabilization is projected to be $82,540 (per appraisal). Rehab and purchase the property for $678,888 in order to obtain a property with over a 12% cap rate on account of the $82,540 NOI. The property is located only 45 minutes from Dallas city limits and is close to multiple municipalities offering ample job opportunities for tenants (especially in the retail and manufacturing sectors). Contact agent for access to link for obtaining a virtual tour of the property.