Arrowstar Realty
Listed by Arrowstar Realty
$949,000
1904 Mustang Road
Details
APN 0225-0028-000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 14,494
Units 11
Cap Rate 4.04%
NOI $38,353
Price per SqFt $65
Year Built 1969
Year Renovated 2011
Buildings 3
Stories 2
Acreage 0.410
Investment Type Value Add
11-Unit Leased Out Apartment Complex For Sale!
Marketing description
11-Unit Apartment Complex in Alvin, TX! Average Monthly Rents come out to $10,200 per Month! On-Site Parking, Central Laundry Area, These 11 Units consist of (9) 2 Bedroom Units and (2) 1 Bedroom Units! All Units have 1 Full Bathroom and 1 Half Bathroom! Central HVAC, Community Mailboxes, Great Curb Appeal Location! Only 0.6 of a Mile from Highway 35, and 5 Minutes from Highway 6 in Alvin and only 30 minutes from Houston!
Please do not disturb Tenants. For any questions, please contact Robert Graham at (936) 672-2087!
Listing Contacts
Arrowstar Realty
Listed by Arrowstar Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$38,353.00
$3,196.08/mo
Valuation Metrics
0
DSCR
4.04%
Cap Rate
4.04%
ROI
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