105 N Rockisland Street Angleton, TX 77515
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.
- Property TypeMulti-Family
- NeighborhoodI T Tinsley
- CountyBrazoria
- Taxes$18,211
- HOA/Condo/Coop Fees$0
- Days on Site35 Days
- MLS StatusActive
- MLS ID Number15170675
- Home Size Source N/A
- Year Built1973
- Lot Size0.33 Acres
- Full Baths2
- Partial BathsN/A
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General Features
- Parking Off SitePavedOne
- Number of Stories 2
- Acreage 0.33
- Utilities Cable ConnectedNatural Gas ConnectedWater Connected
Interior Features
- Cooling Electric
- Heating Natural Gas
- Appliances Refrigerator
- Flooring Laminate
Exterior Features
- Roof Other
- Lot 0 Up To 1/4 Acre
- Patio And Porch Patio
Community Features
- MLS Area 5