5202 County Road 469
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5202 County Road 469
9 Unit Apartment Building $899,000 ($99,889/Unit) Brazoria, TX 77422
Investment Highlights
- Waterfront
- 8 Bedroom apartment and single family home
- River access
Executive Summary
Welcome to this incredible investment opportunity! This property features 9 income-producing units located on the San Bernard River near Galveston. It includes a single-family unit and an 8 studio apartment complex. Both properties are situated on over an acre of land. At the time of listing, seven out of nine units are occupied. The septic system is serviced monthly through its warranty, and the property boasts a commercial-grade roof, new plumbing, and new drain lines. All the units have fresh interior and exterior paint and have been updated throughout. The property is being sold fully furnished and presents untapped potential for Airbnb rentals. Short term and long term leases are in place. This property is a Turn Key property.
Property Facts
| Price | $899,000 | Building Class | C |
| Price Per Unit | $99,889 | Lot Size | 1.38 AC |
| Sale Type | Investment | Building Size | 3,040 SF |
| Sale Conditions | Bulk/Portfolio Sale | Average Occupancy | 87% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1964/2015 |
| Property Subtype | Apartment | Parking Ratio | 5.92/1,000 SF |
| Apartment Style | Low Rise |
| Price | $899,000 |
| Price Per Unit | $99,889 |
| Sale Type | Investment |
| Sale Conditions | Bulk/Portfolio Sale |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.38 AC |
| Building Size | 3,040 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2015 |
| Parking Ratio | 5.92/1,000 SF |
Unit Amenities
- Air Conditioning
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Double Pane Windows
Site Amenities
- Waterfront
- Furnished Units Available
- Wi-Fi
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 3+2 | 1 | - | - |
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PROPERTY TAXES
| Parcel Number | 8037-0007-110 | Improvements Assessment | $689,920 |
| Land Assessment | $147,680 | Total Assessment | $837,600 |
PROPERTY TAXES
Parcel Number
8037-0007-110
Land Assessment
$147,680
Improvements Assessment
$689,920
Total Assessment
$837,600
zoning
| Zoning Code | None |
| None |
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Home Journey Realtors, LLC
5202 County Road 469
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