Listed by Berkshire Hathaway Premier Properties
$478,900
813 & 817 Cedar Lawn Dr
Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio, Commercial
Units 2
Cap Rate 11.50%
Occupancy 100%
Price per SqFt $171
Class C
Year Built 1979 ; 2024
Buildings 2
Stories 2
Lot Size (SqFt) 7,897
Investor Special-2 homes next to one another currently getting 11.50% cap
Marketing description
Looking for 2 properties, INCOME PRODUCING in the Opportunity Zone in Alvin? 813 & 817 Cedar Lawn are receiving rental income of $4600/month. Current lease-813 Cedar Lawn thru 7/6/2025. COMPLETELY RENOVATED HOME ready for you to move in. Kitchen has all NEW Samsung appliances. Family Room plus a Bonus space that can be used as a Dining/Living Combo or Huge playroom/gym. Luxury Vinyl floors throughout. Granite Countertops. Neutral Paint. Exterior Roof has been replaced. HVAC is less than 2 years old. Plumbing and Electrical have been replaced. New Driveway. Fully Fenced Backyard for privacy. Porte-cochère was added to the front porch for charm. Look out your front picturesque windows to no neighbors and open views. WALKING DISTANCE to Alvin High School, Alvin Little League Baseball Fields, Alvin Stadium, Tennis courts, Baseball fields and Softball fields. You are in the heart of the town to enjoy ease to get to all amenities. 817 Cedar Lawn (MLS# 89873145) also for sale.
Looking for 2 properties, INCOME PRODUCING in the Opportunity Zone in Alvin? This is it! The 2 houses are receiving rental income of $4600/month. Current lease is in effect through 5/31/2026. A charming 3 bedroom, 2 bath home just one block away from Alvin High School. Built in 2024, offering a fresh start for its new owners in a prime location central to school activities and shops. Don't miss the opportunity to live in this conveniently located home minutes from everything in Alvin. A great starter home for someone to start building equity in rental properties. 813 Cedar Lawn (MLS# 48762678) is also for sale.
Investment highlights
- Rental Income: $3000+$1600 = $4600/mo
Listing Contacts
Listed by Berkshire Hathaway Premier Properties
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