4841 N Highway 35 N - Apartments FOR SALE
Rockport, TX 78382 |
$850,000 USD
512-757-2950
4841 N Highway 35 N
Rockport, TX 78382
HIGHLIGHTS
- Six RV sites (not rented)
- Stable Apartment tenants (8 Units) on written leases
- 2017 metal roof rated for 160 mph wind; Shatterproof Windows
- ACTUAL INCOME - Room for rate increases
- Tenant pays electric. City water & Garbage paid by landlord
- 1st Floor vinyl plank flooring; 2nd Floor Interface Commercial Tiles in bedrooms and vinyl plank
OVERVIEW
Excellent investment opportunity with stable apartment tenants.
NOTE: The additional RV sites have water lines and metered electric pedestals. Sites could be rented after installation of collection lines to an existing unused septic system. Potential additional income using the RV Sites or for Tiny Homes.
FOR SALE DETAILS
PRICE
$850,000 USD
PRICE/SF
$114 USD /SF
# OF UNITS
8
PRICE/UNIT
$106,250
CAP RATE
10.19%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Redfish Run Apartments 8-Plex
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1984
PARKING SPACES
32
LAND DETAILS
LAND ACRES
1.02 AC
LAND SF
44,431 SF
ZONING
None
APN/PARCEL ID
R56154
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
512-757-2950
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
512-757-2950
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
