3205 Illinois St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
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 |
1 of 1
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) |
1 of 61
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
3205 Illinois St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.