1200 W Houston St - 1200 West Houston Street, Carrizo Springs, TX
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1200 W Houston St - 1200 West Houston Street, Carrizo Springs, TX
6 Unit Apartment Building Offered at $726,000 at a 7.52% Cap Rate in Carrizo Springs, TX 78834
Investment Highlights
- Excellent Condition & Well-Maintained
- Excellent Occupancy Levels
- Accessible to Highway 277
Executive Summary
Prime Investment Opportunity. Excellent condition. Fully-Occupied. This well-maintained six-unit apartment offers an excellent investment opportunity in Carrizo Springs. Each unit spans 985 SF and features 2 Bedrooms, 1 Bath, spacious living areas, and full kitchens. Additionally, every unit is equipped with washer / dryer connections for added tenant convenience. With a strong rental history and a prime location near local amenities, schools, and parks, this property has had steady rental income. The complex offers parking and a low-maintenance exterior. A perfect opportunity for investors seeking reliable income in a growing community!
Data Room Click Here to Access
- Third Party Reports
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $1,150 | 985 |
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PROPERTY TAXES
| Parcel Number | 14425 | Total Assessment | $420,033 (2023) |
| Land Assessment | $9,734 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $410,299 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
14425
Land Assessment
$9,734 (2023)
Improvements Assessment
$410,299 (2023)
Total Assessment
$420,033 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | R-2 (R-2 Duplex & Multi-Family Dwelling District) |
| R-2 (R-2 Duplex & Multi-Family Dwelling District) |
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1200 W Houston St - 1200 West Houston Street, Carrizo Springs, TX
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