904 W Hubbard Street, Mineral Wells, Texas
904 W Hubbard Street, Mineral Wells, Texas 76067 - Cash on cash 10% cap rate at current occupancy with one vacant space. Lowest entry price point you'll find anywhere. Two occupied spaces, one vacant-3 bay historic building in West Mineral Wells. Perfect for office or retail. Vacant space currently on the market for rent at $600.00 gross. Building is extremely low maintenance: no green space, roof is less than two years old, and property was gutted to the studs and brought up to code in 2005. No yard, metal roof, and low maintenance tenants. Truly a hands off investment. Priced for quick sale. Current gross rents of $1200 per month, both leases run through 2019. Vacant space is 400 sq ft and has rented for $350 per month in the past.
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Listing Courtesy of League Real Estate