401 E Texas St - Apartments FOR SALE


Brazoria, TX 77422
$994,000 USD
979-665-3476
401 E Texas St, Brazoria, TX for Sale
$994,000 USD
Apartments - FOR SALE
1/19
null | 8.57% Cap Rate

401 E Texas St
Brazoria, TX 77422


HIGHLIGHTS

  • 1.32 Acres
  • Single Level Design

OVERVIEW

Seller is offering 35,000 allowance. Unlock the potential of this rare income-producing property located in the heart of Brazoria. Spanning 1.32 acres, this single-story apartment complex features 14 total units including: (12) 1/1, (1) 1/1 with a utility room, and (1) 2/1. The single-level design ensures easy access to all residences, catering to a wide range of tenants. Residents enjoy a shaded canopy area for added comfort and convenience, while an on-site storage building provides additional space for management or operational needs. With a consistent occupancy history and strong rental income potential, this property is ideal for both seasoned investors and those entering the multi-family market. Centrally located near schools, retail, and major employers, this complex is perfectly positioned to attract long-term tenants. Don't miss this excellent opportunity to grow your investment portfolio.

FOR SALE DETAILS

PRICE

$994,000 USD

PRICE/SF

$93 USD /SF

# OF UNITS

14

PRICE/UNIT

$71,000

CAP RATE

8.57%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Cedar Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

59,997 SF

ZONING

0042

APN/PARCEL ID

8321-0065-000

ASK ABOUT THIS PROPERTY

Kelly CorsentinoeXp RealtyMore Info
979-665-3476

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Kelly CorsentinoeXp RealtyMore Info
979-665-3476

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