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7% Cap Rate 9 Unit Multi-Family Property 105-109 Cypress Ave 9 Unit Apartment Building For Sale 7.60% Cap Rate Crosby, TX 77532
INVESTMENT HIGHLIGHTS
- Easy access from FM 2100
- New waterproof vinyl floors, new granite counter tops & kitchen appliances, new HVAC, new lighting, new shower and vanity
- Close proximity to Houston Ship Channel and major petrochemical plants
- Outside of all flood zones
EXECUTIVE SUMMARY
Total Building Size: 5,025sf
Lot Size: 0.30 Acres
9 total units: (8) 2 BR/1BA, (1) 1 BR/BA
Renovated in 2023: New waterproof vinyl floors, new granite counter tops & kitchen appliances, new HVAC, new lighting, new shower and vanity
100% Occupied
Below market rent
Individually metered utilities
Seller Financing Available
Easy access from FM 2100
Close proximity to Houston Ship Channel and major petrochemical plants
Outside of all flood zones
Lot Size: 0.30 Acres
9 total units: (8) 2 BR/1BA, (1) 1 BR/BA
Renovated in 2023: New waterproof vinyl floors, new granite counter tops & kitchen appliances, new HVAC, new lighting, new shower and vanity
100% Occupied
Below market rent
Individually metered utilities
Seller Financing Available
Easy access from FM 2100
Close proximity to Houston Ship Channel and major petrochemical plants
Outside of all flood zones
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 7.60% | Building Size | 5,025 SF |
| No. Units | 9 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1965/2023 |
| Building Class | C | Parking Ratio | 1.79/1,000 SF |
| Sale Type | Investment |
| Cap Rate | 7.60% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 5,025 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2023 |
| Parking Ratio | 1.79/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 8 | - | - |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $204,741 | |
| Land Assessment | $153,146 | Total Assessment | $357,887 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$153,146
Improvements Assessment
$204,741
Total Assessment
$357,887
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7% Cap Rate 9 Unit Multi-Family Property | 105-109 Cypress Ave
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