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28975773
28975775

1101 E Main St, League City, TX 77573

TL
TX TX 0695022
Keller Williams Memorial
EK
TX 670959
Keller Williams Memorial
Listed by Keller Williams Memorial
$1,850,000
447 days on market
Updated 18 days ago

1101 E Main St, League City TX: 16 MULTI-FAMILY UNITS

Details
APN 4602-0000-0002-002
Property Type Multifamily
Sub Type Apartment Building
Square Footage 13,890
Net Rentable (SqFt) 13,890
Units 16
Cap Rate 6.65%
NOI $123,000
Occupancy 100%
Pro-Forma Cap Rate 7.93%
Pro-Forma NOI $146,640
Price per SqFt $133
Broker Co-Op Yes
Class B
Year Built 1971
Year Renovated 2024
Buildings 1
Stories 2
Acreage 1.000
Zoning MLT FAM DWLG
Parking Spaces 25 spaces
Parking Per SqFt 1.80
Investment Type Stabilized
Ownership FEE SIMPLE

Multifamily | 16 Units | $115,625/unit

Marketing description

Mariner Apartment Complex: 16-Units (10) 2BR/1BA, (6)1BR/1BA, Laundry Room Facility with Coin-Operated W/D's, on 1-Acre lot in League City, TX. Lots of shade & trees, 25+ parking spaces. Recent improvements: updated interiors, & AC Units. Upside in Rental Income.

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. This is a 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.

Investment 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 rents

Listing Contacts

TL
TX TX 0695022
Keller Williams Memorial
EK
TX 670959
Keller Williams Memorial
Listed by Keller Williams Memorial

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$123,000.00
$10,250.00/mo

Valuation Metrics

0
DSCR
6.65%
Cap Rate
6.65%
ROI

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Additional Information

Name
Tim Larson
License
TX 0695022
Brokerage
Keller Williams Memorial
Brokerage Phone
713-461-9393
Title
Director of Commercial Real Estate
Brokerage Address
1220 Augusta Drive
Name
Elizabeth Kyser
License
670959
Brokerage
Keller Williams Memorial
Brokerage Phone
713-461-9393
Title
Associate Broker
Brokerage Address
1220 Augusta Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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