1026 & 1016 Miles St | 11-Unit Multifamily Investment Opportunity - Rosenberg, TX This is a stabilized, cash-flowing 11-unit asset producing $78,300 in annual gross income with expenses of approximately $16,812, resulting in a strong $77,988 NOI. Offered at $840,000, this equates to: 7.32% Cap Rate $76,364 per door Projected Stabilized Financials (11 of 11 Units Leased): Annual Project: $94,800 Projected NOI: Approximately $77,988 annually Projected Cap Rate: 9.28% For a stabilized multifamily property with completed capital improvements and operational upside, this is compelling value. Why This Deal Stands Out: • Room for strategic rent increases (High occupancy multifamily property) • Opportunity to add an on-site laundry facility to further increase NOI • Tenants pay their own electricity (individually metered) • Public water • Long-term tenant base providing stability • PEX plumbing installed in 1026 (Building 1) • Roof replaced on both buildings (2023) • Water heater replaced on all units (2023) • 5 units remodeled (2022–2023) This is not a heavy reposition. It’s a performing asset with clean financials and immediate yield — plus clear paths to push returns even higher. At $80K per door and an 8.76% cap rate, opportunities like this are increasingly difficult to find in today’s market.