7 Condo Unit Portfolio Under $500K Multi-Family FOR SALE


Dickinson, TX
$482,600 USD
832-725-7880
, Dickinson, TX for Sale
$482,600 USD
Multi-Family - FOR SALE
1/38
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7 Condo Unit Portfolio Under $500K
Dickinson, TX


HIGHLIGHTS

  • Ponderosa Forest is a gated condominium high-rise community with seven units available for portfolio investment acquisition.
  • Interstate 45 runs through Dickinson and provides a route into Houston, which is about 30 miles away.
  • Units have fireplaces in the living rooms, ceiling fans and large closets in the bedrooms, and full kitchens.
  • There is an outdoor community pool and recreation courts on-sites for residents to enjoy.

OVERVIEW

Annoura Realty Group is pleased to present the investment opportunity of seven condominium units at 2501 Gulf Freeway, Dickinson, TX, in the Ponderosa Forest Community. This portfolio includes six occupied units, providing immediate rental income, and one vacant unit, offering the potential for additional revenue or personal use. The units feature a variety of floor plans, including both one-bedroom and two-bedroom configurations, catering to a diverse tenant base. Each unit is designed to offer comfortable living spaces, with access to community amenities such as landscaped grounds and designated parking areas. Unit #279B @ $66,800: Currently Vacant (HOA: $426.56/mo) Unit #269B @ $66,800: Currently leased at $850 per month, with a lease term ending on February 28, 2026.(HOA: $426.56/mo) Unit #15A @ $65,000: Currently rented at $875 per month, with a lease expiration date of January 31, 2026. (HOA: $396.09/mo) Unit #262C @ $89,000: Tenant paying $1050 monthly; lease term ends on September 30, 2025. (HOA: $548.43/mo) Unit #16A @ $65,000: Vacant; on a market for $895/mo.(HOA: $396.09/mo) Unit #280B @ $65,000: Occupied with a monthly rent of $925; lease ends on February 28, 2026.(HOA: $426.56/mo) Unit #274 @ $65,000: Occupied with a monthly rent of $925; lease ends on June 30, 2025(HOA: $426.56/mo) This portfolio offers a balanced mix of stable rental income from the six occupied units and the potential for value appreciation or additional revenue from the vacant unit. The property's strategic location along the Gulf Freeway provides easy access to major thoroughfares, shopping centers, dining establishments, and recreational facilities, enhancing its appeal to current and prospective tenants. Please contact us directly for detailed financial information, including Rent Rolls and expense reports, or to schedule a viewing of the units. This is a rare opportunity to acquire multiple income-generating units in a desirable location with established tenancy. Seize this chance to expand your investment portfolio with these promising condominium units in Dickinson, Texas.

ASK ABOUT THIS PROPERTY

Susan AnnouraAnnoura Realty GroupMore Info
832-725-7880

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Susan AnnouraAnnoura Realty GroupMore Info
832-725-7880

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