5202 County Road 469 - Apartments FOR SALE


Brazoria, TX 77422
$899,000 USD
832-445-4036
5202 County Road 469, Brazoria, TX for Sale
$899,000 USD
Apartments - FOR SALE
1/36
null | Request Cap Rate

5202 County Road 469
Brazoria, TX 77422


HIGHLIGHTS

  • Waterfront
  • River access
  • 8 Bedroom apartment and single family home

OVERVIEW

Welcome to this incredible investment opportunity! This property features 9 income-producing units located on the San Bernard River near Galveston. It includes a single-family unit and an 8 studio apartment complex. Both properties are situated on over an acre of land. At the time of listing, seven out of nine units are occupied. The septic system is serviced monthly through its warranty, and the property boasts a commercial-grade roof, new plumbing, and new drain lines. All the units have fresh interior and exterior paint and have been updated throughout. The property is being sold fully furnished and presents untapped potential for Airbnb rentals. Short term and long term leases are in place. This property is a Turn Key property.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$296 USD /SF

# OF UNITS

9

PRICE/UNIT

$99,889

CAP RATE

Request Cap Rate

% LEASED

87%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

18

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

None

APN/PARCEL ID

8037-0007-110

ASK ABOUT THIS PROPERTY

David Feliciano IIIHome Journey Realtors, LLCMore Info
832-445-4036

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David Feliciano IIIHome Journey Realtors, LLCMore Info
832-445-4036

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