This Multifamily Property is Off-Market.

5105 Timothy
Texas City, TX 77591 ·

15 Units · Multifamily For Sale

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Timothy apartments

Price N/A Property Use Type Investment
No. Units 15 Commission Split 3%
Building Size 9,721 SF Cap Rate 10.60%
Property Type Multifamily Occupancy 95%
Property Sub-type Garden/Low-Rise Lot Size 33,810 SF
Listing ID: 15553211 Date Created: 02/07/2008 Last Updated: 04/15/2008

Description

Excellent Investment, positive cash flow! 3 Buildings on 3 lots in Excellent location. Sec 8 qualified. Seperately metered with new roof on two of the bldgs. Large courtyard, plenty of parking. Most units already updated. Several long term tenants. Room for rent increase. 95 % occupied, soon to be 100 %. Walking distance to shopping and transportation.

Right off FM 1765 and State Highway 3.

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5105 Timothy, Texas City, TX 77591 (Galveston County)

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