Historical Multifamily Sale Listing - Timothy Apartments

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Timothy Apartments

5105 Timothy Street, Texas City, TX 77591

N/A

15 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
15
Building Size:
9,810 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Additional Sub-types:
Multifamily (land)
Residential (land)
Property Use Type:
Investment
Occupancy:
90%
No. Stories:
2
Year Built:
1968
Lot Size:
33,810 SF
Parking Ratio:
1.50 / 1,000 SF
Listing ID
14630381
Last Updated
over 1 year ago

Highlights

  • Great Location
  • Adjoining lot available for purchase
  • Low maintenance
  • Many new improvements: electric meters & roofs, etc.
  • Great value for an up and coming area
  • Beautiful landscaping lawns and verandas

Description

Consisting of three buildings. Two one storey red brick buildings (3,024 s.f.) each. One has six one bedrooms, the second has five two bedrooms. Both have new roofs (08/05) and have veranda extendedroofs in the front. Concrete walkways and patios accomodate elderly tenants, and extend to the parking lots and to Timothy Street. The two storey building sits on the middle lot (3,762 s.f.) and consists of four large two bedroom units. The grounds are extensive consisting of three lots (33,810 s.f. total) and have Pecan, Magnolia and Japanese miniature elm trees, as well as a bar-be-que pit. Twenty four parking spaces proved ample parking for the 15 units. New individual electricity meters (07/05); tenants pay water/sewer as well.

Nestled in the suburbs of west Texas City Timothy apartments are within walking distance of the busy intersection of Highway 3 and F.M. 1765; here you will find Walgreens, Arlan's super market, Shell gas station and more. Less than 1 mile away lies the Mainland Hospital and Palmer Highway that will take you to downtown Texas city in minutes. Galveston Island is only 10 minutes away and easily accessed by Highway 3. The lot adjacent to it is available for purchase and would extent the property to Oak Street, the feeder road for Highway 3. This lot could accomodate another 6 to 9 units if you are interested in building.

Map of 5105 Timothy Street, Texas City, TX 77591 (Galveston County)

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