Sour Lake TX Multi Family for Sale
$1,490,000
555 HWY 326 Sour Lake, TX 77659
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 3
- Year built:
- 2022
- Baths:
- 2.00
- MLS#:
- 62460080
- Subdivision:
- Electric Add
View additional info
Courtesy: RE/MAX ONE
409-860-3200
ADDITIONAL INFORMATION
Incredible investment opportunity with great cap rate in this FULLY OCCUPIED 8 unit complex! Only 2 years young in Hardin-Jefferson School District. Currently generating $12,400/month gross income. (that's almost $150,000 income per year!) Tenants cover their own utility payments. Each unit is identical: 1,324 sq ft, 3 bedrooms, 2 ½ bathroom, 1 car garage plus driveway parking for 2 more, primary suites have fully tiled shower/walk in closet/double sink vanity, has their own water and electric meters, comes with laundry appliances(washer & dryer), stainless kitchen appliances, granite countertops, kitchen island, and covered back patio. Just minutes to Hardin Jefferson school. Tax and insurance costs on file to calculate your return on investment. Because this property is only 2 years old, your maintenance costs will be little to none!
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Sour Lake Real Estate
The median home value in Sour Lake, TX is $224,900. This is higher than the county median home value of $199,800. The national median home value is $338,100. The average price of homes sold in Sour Lake, TX is $224,900. Approximately 59.15% of Sour Lake homes are owned, compared to 30.46% rented, while 10.39% are vacant. Sour Lake 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 Sour Lake real estate agent to arrange a tour today!
Sour Lake, Texas has a population of 2,322. Sour Lake is less family-centric than the surrounding county with 28.65% of the households containing married families with children. The county average for households married with children is 30.51%.
The median household income in Sour Lake, Texas is $55,563. The median household income for the surrounding county is $65,347 compared to the national median of $69,021. The median age of people living in Sour Lake is 30.7 years.
Sour Lake Weather
The average high temperature in July is 92.6 degrees, with an average low temperature in January of 40.3 degrees. The average rainfall is approximately 60.2 inches per year, with 0.1 inches of snow per year.