1101 E Main St - Apartments FOR SALE


League City, TX 77573
$2,199,500 USD
281-508-0800
1101 E Main St, League City, TX for Sale
$2,199,500 USD
Apartments - FOR SALE
1/16
null | 5% Cap Rate

1101 E Main St
League City, TX 77573


HIGHLIGHTS

  • 16-Units that are individually metered
  • Room for expansion, 1-Acre lot, Upside in Rental Income (below market currently)
  • Separate Laundry Room, Coin-Operated W/D
  • Desirable Unit Mix: (10)2BR/1BA, (6)1BR/1BA
  • Close to NASA Space Center, Webster, Southeast Medical Center
  • Popular area for boating, fishing, golf, and walking trails

OVERVIEW

PROPERTY OVERVIEW: Mariner Apartment Complex: 16-Units (10) 2BR/1BA, (6)1BR/1BA, Laundry Room Facility with Coin-Operated W/D's, & room for expansion on this 1-Acre lot in League City, TX. Lots of shade & trees, 25+ parking spaces, front, middle, and rear parking areas. Recent improvements include updated Units, new leases, AC Units, Plumbing, Paint, etc. Separately metered. Upside in Rental Income (below market currently). Located Southeast of downtown Houston, TX, this property is near the League City Historic District & not far from NASA Space Center, Southeast Medical Center. LOCATION OVERVIEW: Located Southeast of downtown Houston, TX, this property is near the League City Historic District & not far from NASA Space Center & the Southeast Medical Center. Popular area for fishing & boating enthusiasts in Clear Lake & Galveston Bay, 30-minutes south to Galveston Beach. South Shore Harbour Country Club & Yacht Club, Clear Lake Shores, Kemah, Webster, Friendswood. Close to I-45, major retailers including Wal-Mart Supercenter, Home Depot, Target, Lowe's, restaurants, parks, schools, etc. PROPERTY HIGHLIGHTS: 16-Units that are individually metered Room for expansion, 1-Acre lot Separate Laundry Room, Coin-Operated W/D Desirable Unit Mix: (10)2BR/1BA, (6)1BR/1BA Close to NASA Space Center, Webster, Southeast Medical Center Popular area for boating, fishing, golf, and walking trails Upside in Rental Income (below market currently)

FOR SALE DETAILS

PRICE

$2,199,500 USD

PRICE/SF

$172 USD /SF

# OF UNITS

16

PRICE/UNIT

$137,469

CAP RATE

5%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mariner Under The Oaks 16-Units Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

Multifamily

APN/PARCEL ID

4602-0000-0003-007

ASK ABOUT THIS PROPERTY

Tim LarsonKeller Williams Realty, Inc.More Info
281-508-0800

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Tim LarsonKeller Williams Realty, Inc.More Info
281-508-0800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.