Property Description:
Investment Summary
BackTrust Commercial is pleased to present this exclusive off-market, fully renovated 5-unit multifamily investment opportunity in the growing Cleburne, Texas market.
This stabilized asset is 100% occupied and currently generates $8,935 in monthly gross rental income ($107,220 annually) with a verified Net Operating Income (NOI) of approximately $82,000, providing immediate cash flow from day one. At the asking price of $840,000, the property achieves an approximate 1.06% rent-to-price ratio, exceeding the benchmark many investors use when evaluating high-performing rental assets.
Originally built in 1949 and completely renovated in 2024, the property requires no immediate capital expenditures and has no deferred maintenance. Major improvements include a new roof, fully renovated interiors, updated systems, and individually metered electric service, allowing for efficient operations and lower ownership costs.
Unit Mix
• 1 × 1 Bed / 1 Bath
• 1 × 2 Bed / 1 Bath
• 2 × 3 Bed / 1 Bath
• 1 × 4 Bed / 1 Bath
The larger unit mix commands strong rent per square foot while attracting long-term family tenants, resulting in stable occupancy and dependable cash flow.
Adding further confidence, the property has been professionally appraised at $885,000 and is being offered for $840,000. A lender has also completed a preliminary review of the asset, allowing qualified buyers to move quickly with financing if desired.
Property Highlights
? Asking Price: $840,000
? Appraised Value: $885,000
? 100% Occupied
? $8,935 Monthly Gross Rental Income
? $107,220 Annual Gross Income
? $82,000 Verified NOI
? Approx. 1.06% Rent-to-Price Ratio
? Fully Renovated in 2024
? New Roof
? Individual Electric Meters
? No Deferred Maintenance
? Financing Package Available for Qualified Buyers
Due Diligence Available
The following documents are available to qualified buyers:
• Rent Roll
• T-12 Financial Statements
• Property Photos
• Professional Appraisal
• Financing Information
• Additional Due Diligence Documents
Next Steps
Qualified buyers may request the complete due diligence package by contacting BackTrust Commercial. To ensure an efficient transaction process, proof of funds or lender pre-qualification may be requested prior to scheduling property tours or releasing certain due diligence materials.
Our goal is to provide a transparent, professional acquisition process that allows serious investors to evaluate opportunities quickly and close with confidence.