1825 Bayou Rd
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1825 Bayou Rd
10 Unit Apartment Building $1,150,000 ($115,000/Unit) 8.66% Cap Rate La Marque, TX 77568
Investment Highlights
- Convenient location
- Pool
- Quiet area
Executive Summary
Spacious Multi-Unit Investment Property – Ideal for Rental Income Welcome to 1825 Bayou Rd., a prime investment opportunity in the heart of La Marque, TX. This multi-unit property features 10 rental units across a mix of 1- and 2-bedroom layouts, each designed for comfortable living with a range of amenities. Property Features: • Total Gross Income: $135,900 annually • Unit Mix: • 5 units: 1-bedroom, 1-bath (800 sq. ft. each) • 5 units: 2-bedroom, 1-1.5 bath (1050 sq. ft. each) • Modern Amenities: Each unit comes with spacious layouts, fully equipped kitchens, and comfortable living spaces. • Recent Updates: The property has been well-maintained with updates to major systems, ensuring peace of mind for investors. • Convenient Location: Situated close to schools, shopping, and major highways, tenants enjoy the perfect balance of quiet residential living and easy access to city conveniences. • Parking: Ample on-site parking for tenants and guests. Investment Potential: • Cap Rate: 8.66% • Gross Rent Multiplier (GRM): 8.46 • Annual Operating Expenses: $36,300, with a Net Operating Income (NOI) of $99,600. This property is perfect for investors seeking a reliable source of rental income with significant long-term appreciation potential. With stable tenants and low vacancy rates, 1825 Bayou Rd. is a solid addition to any real estate portfolio.
Property Facts
| Price | $1,150,000 | Apartment Style | Low Rise |
| Price Per Unit | $115,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.33 AC |
| Cap Rate | 8.66% | Building Size | 7,906 SF |
| Gross Rent Multiplier | 8.46 | No. Stories | 2 |
| No. Units | 10 | Year Built/Renovated | 1973/2022 |
| Property Type | Multifamily | Parking Ratio | 0.13/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $1,150,000 |
| Price Per Unit | $115,000 |
| Sale Type | Investment |
| Cap Rate | 8.66% |
| Gross Rent Multiplier | 8.46 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 7,906 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1973/2022 |
| Parking Ratio | 0.13/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Cable Ready
- Washer/Dryer Hookup
Site Amenities
- Laundry Facilities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 10 | $1,200 | - |
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PROPERTY TAXES
| Parcel Number | 6345-0003-0012-007 | Improvements Assessment | $789,270 |
| Land Assessment | $5,730 | Total Assessment | $795,000 |
PROPERTY TAXES
Parcel Number
6345-0003-0012-007
Land Assessment
$5,730
Improvements Assessment
$789,270
Total Assessment
$795,000
zoning
| Zoning Code | Commercial |
| Commercial |
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1825 Bayou Rd
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