- For Sale Contact for pricing
- Property Type Multi-Family
- Property Size 59,239 SF
- Units 74
- Lot Size 5.6 Acre
- Year Built 1973
- Date Updated Jun 18, 2026
Description
Historically Consistent 95+% Physical Occupancy
• Ownership Has Prioritized Occupancy Over Rent Growth – Opportunity to Increase
Rents Through Interior Upgrades and Professional Management
• 82% 2BD & 3BD Units – Family-Oriented Layout Driving Stable Tenancy
• Avg. Rents ~$624/Unit ($0.78 PSF) with Room for Growth Through Capital Infusion
• High Visibility on Business-287 & US-70 (11,000+ VPD)
• Same Owner for 10+ Years – Operational Upside Opportunity
• Proven Historical Cash Flow with 15% Avg. Cash-on-Cash Over Five Years
• Located in Vernon with Employment Anchors Including Tyson Foods, Solvay & North
Texas State Hospital
• Regional Connectivity to Wichita Falls (150K+ MSA)
• ~$51,000 Median Area Income Supporting Workforce Housing Demand
• Offered Free and Clear of Existing Debt
False
Contacts
The Multifamily Group
Location
Located at 4125 Augusta Street, Vernon, TX 76384, this property is part of the Vernon neighborhood and Dallas Fort Worth market.
The Multifamily Group