516 & 520 E Myrtle St 16 units apartment | 516 E Myrtle St
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516 & 520 E Myrtle St 16 units apartment 516 E Myrtle St
16 Unit Apartment Building $1,800,000 ($112,500/Unit) 6.88% Cap Rate Angleton, TX 77515
Investment Highlights
- New roof and balcony
- Located in the heart of Angleton
Executive Summary
Building A and Building B situated on +/- .92 acre land. Building A +/- 8388 SF Building B +/- 7480 SF in the center of Angleton City. New roof 2019 New Electric Box, New A/C unit, New balcony.
Property Facts
| Price | $1,800,000 | Building Class | C |
| Price Per Unit | $112,500 | Lot Size | 0.46 AC |
| Sale Type | Investment | Building Size | 16,068 SF |
| Cap Rate | 6.88% | Average Occupancy | 90% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1966 |
| Property Subtype | Apartment | Parking Ratio | 0.5/1,000 SF |
| Apartment Style | Low Rise |
| Price | $1,800,000 |
| Price Per Unit | $112,500 |
| Sale Type | Investment |
| Cap Rate | 6.88% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 16,068 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 0.5/1,000 SF |
Unit Amenities
- Balcony
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 14 | - | - |
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PROPERTY TAXES
| Parcel Number | 1310-0565-000 | Improvements Assessment | $586,893 |
| Land Assessment | $65,150 | Total Assessment | $652,043 |
PROPERTY TAXES
Parcel Number
1310-0565-000
Land Assessment
$65,150
Improvements Assessment
$586,893
Total Assessment
$652,043
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516 & 520 E Myrtle St 16 units apartment | 516 E Myrtle St
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