3205 Illinois St
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3205 Illinois St
4 Unit Apartment Building $369,000 ($92,250/Unit) 5.92% Cap Rate Baytown, TX 77520
INVESTMENT HIGHLIGHTS
- 100% Occupied Fourplex
EXECUTIVE SUMMARY
Exceptional Investment Opportunity in Baytown, TX. Presenting a fully occupied fourplex offering unparalleled stability and strong rental income potential. Don't miss out on this rare opportunity to acquire a fully occupied fourplex in Baytown located just minutes away from the EXXON-Mobil plant. Whether you're a seasoned investor or looking to enter the real estate market, this property promises steady returns and long-term growth potential. Schedule a showing today!!
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$33,600
|
$13.73
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$33,600
|
$13.73
|
| Taxes |
$3,219
|
$1.31
|
| Operating Expenses |
$5,281
|
$2.16
|
| Total Expenses |
$8,500
|
$3.47
|
| Net Operating Income |
$25,100
|
$10.25
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $33,600 |
| Annual Per SF | $13.73 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $33,600 |
| Annual Per SF | $13.73 |
| Taxes | |
|---|---|
| Annual | $3,219 |
| Annual Per SF | $1.31 |
| Operating Expenses | |
|---|---|
| Annual | $5,281 |
| Annual Per SF | $2.16 |
| Total Expenses | |
|---|---|
| Annual | $8,500 |
| Annual Per SF | $3.47 |
| Net Operating Income | |
|---|---|
| Annual | $25,100 |
| Annual Per SF | $10.25 |
PROPERTY FACTS
| Price | $369,000 | Apartment Style | Low-Rise |
| Price Per Unit | $92,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.92% | Building Size | 2,448 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1928/2020 |
| Price | $369,000 |
| Price Per Unit | $92,250 |
| Sale Type | Investment |
| Cap Rate | 5.92% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,448 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1928/2020 |
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $700.00 | 600 |
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PROPERTY TAXES
| Parcel Number | 0591020000007 | Total Assessment | $139,961 (2023) |
| Land Assessment | $16,250 (2023) | Annual Taxes | $3,219 ($1.31/SF) |
| Improvements Assessment | $123,711 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0591020000007
Land Assessment
$16,250 (2023)
Improvements Assessment
$123,711 (2023)
Total Assessment
$139,961 (2023)
Annual Taxes
$3,219 ($1.31/SF)
Tax Year
2024
ZONING
| Zoning Code | Multifamily (Multifamily) |
| Multifamily (Multifamily) |
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3205 Illinois St
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