ACCEPTING POST AUCTION OFFERS

$1,200,000

Subject to Buyer Premium (3%). Broker compensation is welcome (2%). See website for auction terms and conditions.

11DUPLEXES / 22 UNIT MULTI-FAMILY Opportunity Zone - 7.6% CAP RATE*

200A Aster Street, Kingsland, TX 78639

Executive SummaryZetabid is accepting post auction offers on 200 Aster Street. This property is located in an opportunity zone and has 22 units (11 duplexes), all 2 bed & 2 bath units with about 840 SF each. Great parking and each unit includes heating, air conditioning, refrigerator, stove/range, dishwasher, and washer & dryer hookups. In 2014/2015, siding/insulation was replaced in all units along with additional improvements. Please visit Zetabid.com for auction information and our Due Diligence Vault with current financial and other important information.

Gross Income 2018:

Expenses 2018:

NOI 2018:

Cap Rate:

Gross Rent Multiplier:

Price/Unit:

Year Built:

Square Feet:

Lot Size:

Total Units:

Unit Mix:

Amenities:

Parking Spaces:

$197,217

$103,284

$93,933

7.6% (Includes 3% BP)*

13.15*

$56,182*

1987

18,480

5.06 Acres

22 / 11 Duplexes

2 Bed 2 Bath / 830 - 840 SF

Refrigerator/Range/Dishwasher/WD Hookups/AC

44

Key Details

The Seller, Auctioneer, Zetabid, its employees and agents expressly disclaim as either seller, auctioneer, or agent any warranty as to the property. Zetabid nor any of its affiliates or representatives has independently verified any of the information, including any approximations, estimates or projections, contained herein and does not undertake any obligation to independently verify any other written or oral communication.

The Seller, Auctioneer, Zetabid, its employees and agents expressly disclaim as either seller, auctioneer, or agent any warranty as to the property. Zetabid nor any of its affiliates or representatives has independently verified any of the information, including any approximations, estimates or projections, contained herein and does not undertake any obligation to independently verify any other written or oral communication.

Auction conducted by Heritage Global Partners in alliance with Zetabid, Inc. under Heritage Global Partners. Click the link below to view auction property web page for detailed property and bidding instructions. All bids/ offers shall be placed using the online sealed bid form. No bid shall be deemed accepted until a mutually executed Purchase and Sale Agreement is created. Subject to Seller’s minimum reserve price. Buyer Premium is 3% and this amount shall be added to the winning bid amount to create the purchase price.

CLICK HERE FOR MORE INFORMATION

For more information, please contact:

AUCTION CONTACT: ERIC KOESTERER Zetabid, Inc. 818.426.2660 ekoesterer@zetabid.com