3527 FM 523 Rd - Apartments FOR SALE


Freeport, TX 77541
$825,000 USD
713-898-5052
3527 FM 523 Rd, Freeport, TX for Sale
$825,000 USD
Apartments - FOR SALE
1/26
null | 9.12% Cap Rate

3527 FM 523 Rd
Freeport, TX 77541


OVERVIEW

Discover this exceptional 12-unit apartment complex with an additional 3-bedroom, 2-bathroom manufactured home, all situated on a spacious lot in the heart of Oyster Creek. Each apartment is furnished and offers comfortable living spaces, ideal for tenants seeking a cozy, convenient home. The manufactured home is on the lot behind the apartment. It was recently renovated and just leased for $2000/month!! Located just minutes from Freeport, the property provides easy access to employment hubs, local amenities, and the Gulf Coast's recreational activities. With strong rental demand in the area, this property promises a new owner steady cash flow and long-term growth potential. Ample parking, well-maintained grounds, and potential for upgrades make this a rare find for investors. Don't miss the chance to add this high-yield asset to your portfolio. Contact us today for more details!

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$170 USD /SF

# OF UNITS

13

PRICE/UNIT

$63,462

CAP RATE

9.12%

% LEASED

77%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Creekside Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2006

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

None

APN/PARCEL ID

1510-0002-000

ASK ABOUT THIS PROPERTY

Joe WimberlyLS Realty Advisors Inc.More Info
713-898-5052

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Joe WimberlyLS Realty Advisors Inc.More Info
713-898-5052

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