1101 E Main St - Apartments FOR SALE


League City, TX 77573
$1,850,000 USD
281-508-0800
1101 E Main St, League City, TX for Sale
$1,850,000 USD
Apartments - FOR SALE
1/21
null | 6.3% Cap Rate

1101 E Main St
League City, TX 77573


HIGHLIGHTS

  • 16-Units that are individually metered, Room for expansion, 1-Acre lot.
  • Upside in Rental Income (below market currently)
  • Separate Laundry Room, Coin-Operated W/D
  • Desirable Unit Mix: (10)2BR/1BA, (6)1BR/1BA
  • Close to NASA Space Center, Webster, Southeast Medical Center
  • Popular area for boating, fishing, golf, and walking trails

OVERVIEW

Mariner Apartment Complex: 16-Units (10) 2BR/1BA, (6)1BR/1BA, Laundry Room Facility with Coin-Operated W/D's, on 1-Acre lot in League City, TX. Lots of shade & trees, 25+ parking spaces. Recent improvements: updated interiors, & AC Units. Upside in Rental Income. Located southeast of downtown Houston, TX, this property is near the League City Historic District & not far from NASA Space Center & the Southeast Medical Center. This is a popular area for fishing & boating enthusiasts in Clear Lake & Galveston Bay, 30-minutes south to Galveston Beach. South Shore Harbour Country Club & Yacht Club, Clear Lake Shores, Kemah, Webster, Friendswood. Close to I-45, major retailers including Wal-Mart Supercenter, Home Depot, Target, Lowe's, restaurants, parks, schools, etc.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$133 USD /SF

# OF UNITS

16

PRICE/UNIT

$115,625

CAP RATE

6.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1101 E Main St, League City TX: 16 MF UNITS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

Multifamily

APN/PARCEL ID

4602-0000-0003-007

ASK ABOUT THIS PROPERTY

Tim LarsonKeller Williams Realty, Inc.More Info
281-508-0800

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Tim LarsonKeller Williams Realty, Inc.More Info
281-508-0800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.