207 20th St
7 Unit Apartment Building $675,000 ($96,429/Unit) 9% Cap Rate San Leon, TX 77539
INVESTMENT HIGHLIGHTS
- FM 646 /BAYSHORE DR ROAD FRONTAGE
- 2 BLOCKS TO GALVESTON BAY
EXECUTIVE SUMMARY
Welcome to sunny San Leon! This property boasts 3 buildings with a total of 7 individual units. Two storage units are available for rent separately or as one unit. Located approximately 2 blocks from the water on Bayshore Drive, this prime real estate is surrounded by popular eateries like Top Water Grill and Pier 6, just minutes away. Don't miss out on this fantastic investment opportunity!
PROPERTY FACTS
| Price | $675,000 |
| Price Per Unit | $96,429 |
| Sale Type | Investment |
| Cap Rate | 9% |
| Gross Rent Multiplier | 7 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.65 AC |
| Building Size | 4,104 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2010 |
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Storage Space
- Smoke Detector
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $14,740 | Total Assessment | $14,740 |
CONTACT
-
Lea Baker - Griffin Realty & Associates
