932 7th Ave N - Apartments FOR SALE


Texas City, TX 77590
$880,000 USD
832-885-0690
932 7th Ave N, Texas City, TX for Sale
$880,000 USD
Apartments - FOR SALE
1/6
null | 6.02% Cap Rate

932 7th Ave N
Texas City, TX 77590


HIGHLIGHTS

  • Cash-flowing asset with significant value-add potential
  • Ideally situated near major petrochemical employers, enhancing tenant demand.

OVERVIEW

Investment Highlights: Enhance revenue potential by implementing value-add strategies, including aligning rents with market rates. Leverage 10 existing carports by introducing premium reserved parking at $25 monthly, generating an estimated $3,000 annually. Offer in-unit washer and dryer rentals at $50 per set. Implement a $35 monthly utility billback program to increase recurring income. Marketing Description: KW Commercial Texas Gulf is pleased to present 932 7th Ave N, a 14-unit apartment complex in Texas City, Texas. Built in 1970, this property offers a stable, cash-flowing asset with significant value-add potential, particularly through planned unit renovations and enhanced income opportunities. The property is ideally situated near major petrochemical employers, enhancing tenant demand

FOR SALE DETAILS

PRICE

$880,000 USD

PRICE/SF

$58 USD /SF

# OF UNITS

14

PRICE/UNIT

$62,857

CAP RATE

6.02%

% LEASED

79%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tara Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

C

APN/PARCEL ID

7030-0248-0001-000

ASK ABOUT THIS PROPERTY

Rebecca HughesKeller Williams Realty, Inc.More Info
832-885-0690

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Rebecca HughesKeller Williams Realty, Inc.More Info
832-885-0690

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