4505 18th St - Apartments FOR SALE


Bacliff, TX 77518- Clifton By The Sea
$3,500,000 USD
281-336-3121
4505 18th St, Bacliff, TX for Sale
$3,500,000 USD
Apartments - FOR SALE
1/22
null | 7.15% Cap Rate

4505 18th St
Bacliff, TX 77518
Clifton By The Sea


HIGHLIGHTS

  • 28 Total Rentable Multifamily Residential Units
  • One Block from Grand Avenue
  • Two Blocks from Highway 146
  • Various Surrounding Area Retailers within Walkable Distance from Complex

OVERVIEW

4505 & 4510 18th St. Bacliff, Tx - Well Maintained The complex consists of three separate multifamily residential building located at both corners of 18th Street and Avenue B. Lot 1 measures 18,750 SF with 175 FT of frontage on 18th St and 125 FT of frontage on Avenue B. Buildings 1 & 2 are located on lot 1 and have a total of 13,200 rentable SF. Building 1 contains (2) 1 BED/1 BATH units and Building 2 contains (11) 2 BED/1 BATH units. Lot 2 measures 21,875 SF with 125 FT of frontage on 18th St and 150 FT of frontage on Avenue B. Building 3 is located on lot 2 and contains a total of 8,982 rentable SF with (15) 2 BED/2 BATH units. All units have been upgraded with Pex Plumbing

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$158 USD /SF

# OF UNITS

28

PRICE/UNIT

$125,000

CAP RATE

7.15%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4505 & 4510 18th St. Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,624 SF

ZONING

-

APN/PARCEL ID

2655-0126-0005-000

ASK ABOUT THIS PROPERTY

Jeff GeorgeK W CommercialMore Info
281-336-3121

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Jeff GeorgeK W CommercialMore Info
281-336-3121

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