Angleton TX Multi Family for Sale
$1,350,000
105 N Rockisland Street Angleton, TX 77515
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 1
- Year built:
- 1973
- Baths:
- 2.00
- MLS#:
- 15170675
- Subdivision:
- I T Tinsley
View additional info
Courtesy: Winhill Advisors - Kirby
713-574-3141
ADDITIONAL INFORMATION
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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Angleton Real Estate
The median home value in Angleton, TX is $156,200. This is lower than the county median home value of $219,000. The national median home value is $219,700. The average price of homes sold in Angleton, TX is $156,200. Approximately 52.32% of Angleton homes are owned, compared to 38.05% rented, while 9.63% are vacant. Angleton real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Angleton real estate agent to arrange a tour today!
Angleton, Texas 77515 has a population of 19,280. Angleton 77515 is less family-centric than the surrounding county with 32.43% of the households containing married families with children. The county average for households married with children is 40.73%.
The median household income in Angleton, Texas 77515 is $57,068. The median household income for the surrounding county is $76,426 compared to the national median of $57,652. The median age of people living in Angleton 77515 is 36.2 years.
Angleton Weather
The average high temperature in July is 90.3 degrees, with an average low temperature in January of 45.6 degrees. The average rainfall is approximately 51.8 inches per year, with 0 inches of snow per year.