117 Craig St - Apartments FOR SALE


Baytown, TX 77521
$449,000 USD
979-575-1148
117 Craig St, Baytown, TX for Sale
$449,000 USD
Apartments - FOR SALE
1/20
null | 8.01% Cap Rate

117 Craig St
Baytown, TX 77521


HIGHLIGHTS

  • Turnkey Rental - Already Leased
  • PEX piping to mitigate any possible freezes
  • Never Flooded
  • Very Little Multifamily Inventory
  • Recently Renovated with blinds/fans/paint/appliances/fixtures

OVERVIEW

Duplex for sale. No showings until executed contract. Any existing appliances will convey with sale. Come see this well-maintained, renovated duplex (on a HUGE ~half acre lot) literally next to Sterling High School. Both units in EXCELLENT condition with stone countertops, brand new blinds, all new ceiling fans, carports, all hardwood flooring, PEX piping (don't worry about pipe busts during freezes) and brand new, fresh paint (all interior including kitchen cabinets). Any existing appliances convey at closing. Almost zero multifamily units available in all of Baytown. Walking proximity to school also provides a safe neighborhood environment. Quiet neighborhood, walking distance to high school, and close to some of the biggest oil companies and refineries in the world (including but not limited to ExxonMobil, Motiva, Premcor Refining Group, Deer Park Refining, Total Petrochemicals, Valero, Kinder Morgan, Dow Chemical, etc.). Baytown is one of the strongest suburbs of Houston with stable employment, with ease of access to the Gulf Coast and good schools. Financials based on proforma. Both units have W/D connections. Owner installed new ceiling fans, new blinds, and new fresh paint as of Jan 2024 in both units. 117 Craig (Units A and B) - Rent is $4,000 ($2,000 per side Section 8 Tenants). 3/2 mirror image, 2,328 cumulative sqft, carport each side. All tenants pay their own bills/utilities/lawn care. No HOA. Operating Expenses of ~$2,500 represents only insurance. Seller can provide survey. Property has PEX plumbing so no concern for busted pipes during any ice storms. Never flooded, even during Hurricane Harvey. Seller is selling property to move money to larger investment.

FOR SALE DETAILS

PRICE

$449,000 USD

PRICE/SF

$193 USD /SF

# OF UNITS

2

PRICE/UNIT

$224,500

CAP RATE

8.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Appraisal in Hand for $466k

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2016

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

-

APN/PARCEL ID

1345890000002

ASK ABOUT THIS PROPERTY

Ruchi MithalRuchi Mithal, BrokerMore Info
979-575-1148

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Ruchi MithalRuchi Mithal, BrokerMore Info
979-575-1148

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