Listed by Call It Closed International Realty
$1,500,000
1825 Bayou Rd
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,906
Units 10
Cap Rate 7.00%
NOI $77,000
Tenancy Multi
Year Built 1973
Year Renovated 2022
Acreage 0.330
Investment Type Stabilized
Multifamily | 7.00% CAP | 10 Units
Marketing description
A compelling multifamily investment opportunity in La Marque, Texas — a growing Gulf Coast community in Galveston County. This 10-unit, low-rise apartment complex offers stable in-place income with a strong 7% cap rate and $77,000 NOI. Built in 1973 and renovated around 2022, the 7,906 SF building sits on a 0.33-acre lot, delivering turnkey value-add upside in a supply-constrained market near the Texas City/Galveston employment corridor.
Investment highlights
- Low-rise apartment building with 10 residential units across 7,906 SF — an efficient, manageable asset size ideal for individual investors or 1031 exchange buyers.
- Originally built in 1973 with renovations completed around 2022, reducing near-term capital expenditure risk and supporting strong tenant retention.
- In-place NOI of $77,000 on a $1.1M ask delivers a compelling 7% cap rate — well above typical multifamily averages in the greater Houston metro area.
- La Marque is strategically positioned between Houston and Galveston, benefiting from Texas City industrial employment, port activity, and growing residential demand.
Listing Contacts
Listed by Call It Closed International Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$77,000.00
$6,416.67/mo
Valuation Metrics
0
DSCR
5.13%
Cap Rate
5.13%
ROI
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