TBD Gibson Road

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TBD Gibson Road

Athens, TX 75751
Asking Price
Contact for price
Asset Type
Residential Land
Class
Class B

What's Special

Townhome Development Opportunity | 10 Acres For Sale <p><span style="color: rgba(0, 0, 0, 1)">Total acreage: 10.02 acres (two combined parcels)</span></p><p></p><p>Zoned SFA (Single Family Attached)</p><p></p><p><span style="color: rgba(0, 0, 0, 1)">Permitted Use per Use Regulations Chart (SFA), includes but not limited to:</span></p><ul><li>​<span style="color: rgba(0, 0, 0, 1)">Single Family Attached</span></li><li>​<span style="color: rgba(0, 0, 0, 1)">Housing for Elderly</span><ul><li>​<span style="color: rgba(0, 0, 0, 1)">Senior Apartments</

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

Location & Travel Times