Listing Courtesy of: Joe Mitchell - Winhill Advisors - Kirby
713-574-3141
$1,350,000
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105 N Rockisland Street Angleton, TX 77515
Multi-Family
Residence
1
Beds
2
Baths
Sq. Ft.
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Investing in a Stabilization Deal can significantly increase the value of your investment! This complex consists of 20 units, including 16 one-bedroom/one-bathroom units and 2 two-bedroom/one-bathroom units Exceptional Investment Opportunity: 20-Unit Apartment Complex Key Investment Highlights: ... ? Attractive Price: Acquire today for just $1.3 million! ? High Potential Value: Once stabilized, the property could be valued at $2,250,000 based on an income approach. ? Affordable Renovation: Budget $80,000 for rehab and stabilization. ? With a conservative first-year proforma and only 50% occupancy, you could see an impressive 16.41% IRR in a 10 Years exit plan ? Proforma Available: Check our preliminary proforma for detailed financial insights.
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MLS#
15170675
Property Type
Multi-Family
Bedrooms
1
Bathrooms
2 Full
Year Built
1973
Stories
2.0
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