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1101 E Main St, League City TX: 16 MF UNITS 1101 E Main St 16 Unit Apartment Building $1,895,000 ($118,438/Unit) 5.80% Cap Rate League City, TX 77573
INVESTMENT HIGHLIGHTS
- 16-Units that are individually metered
- Separate Laundry Room, Coin-Operated W/D
- Close to NASA Space Center, Webster, Southeast Medical Center
- Room for expansion, 1-Acre lot, Upside in Rental Income (below market currently)
- Desirable Unit Mix: (10)2BR/1BA, (6)1BR/1BA
- Popular area for boating, fishing, golf, and walking trails
EXECUTIVE SUMMARY
PROPERTY OVERVIEW:
Mariner Apartment Complex: 16-Units (10) 2BR/1BA, (6)1BR/1BA, Laundry Room Facility with Coin-Operated W/D's, & room for expansion on this 1-Acre lot in League City, TX. Lots of shade & trees, 25+ parking spaces, front, middle, and rear parking areas. Recent improvements include updated Units, new leases, AC Units, Plumbing, Paint, etc. Separately metered. Upside in Rental Income (below market currently).
LOCATION OVERVIEW:
Located Southeast of downtown Houston, TX, this property is near the League City Historic District & not far from NASA Space Center & the Southeast Medical Center. Popular area for fishing & boating enthusiasts in Clear Lake & Galveston Bay, 30-minutes south to Galveston Beach. South Shore Harbour Country Club & Yacht Club, Clear Lake Shores, Kemah, Webster, Friendswood. Close to I-45, major retailers including Wal-Mart Supercenter, Home Depot, Target, Lowe's, restaurants, parks, schools, etc.
PROPERTY HIGHLIGHTS:
16-Units that are individually metered
Room for expansion, 1-Acre lot
Separate Laundry Room, Coin-Operated W/D
Desirable Unit Mix: (10)2BR/1BA, (6)1BR/1BA
Close to NASA Space Center, Webster, Southeast Medical Center
Popular area for boating, fishing, golf, and walking trails
Upside in Rental Income (below market currently)
Mariner Apartment Complex: 16-Units (10) 2BR/1BA, (6)1BR/1BA, Laundry Room Facility with Coin-Operated W/D's, & room for expansion on this 1-Acre lot in League City, TX. Lots of shade & trees, 25+ parking spaces, front, middle, and rear parking areas. Recent improvements include updated Units, new leases, AC Units, Plumbing, Paint, etc. Separately metered. Upside in Rental Income (below market currently).
LOCATION OVERVIEW:
Located Southeast of downtown Houston, TX, this property is near the League City Historic District & not far from NASA Space Center & the Southeast Medical Center. Popular area for fishing & boating enthusiasts in Clear Lake & Galveston Bay, 30-minutes south to Galveston Beach. South Shore Harbour Country Club & Yacht Club, Clear Lake Shores, Kemah, Webster, Friendswood. Close to I-45, major retailers including Wal-Mart Supercenter, Home Depot, Target, Lowe's, restaurants, parks, schools, etc.
PROPERTY HIGHLIGHTS:
16-Units that are individually metered
Room for expansion, 1-Acre lot
Separate Laundry Room, Coin-Operated W/D
Desirable Unit Mix: (10)2BR/1BA, (6)1BR/1BA
Close to NASA Space Center, Webster, Southeast Medical Center
Popular area for boating, fishing, golf, and walking trails
Upside in Rental Income (below market currently)
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$215,000
|
$15.48
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$215,000
|
$15.48
|
| Taxes |
$21,730
|
$1.56
|
| Operating Expenses |
$54,395
|
$3.92
|
| Total Expenses |
$76,125
|
$5.48
|
| Net Operating Income |
$138,875
|
$10.00
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $215,000 |
| Annual Per SF | $15.48 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $215,000 |
| Annual Per SF | $15.48 |
| Taxes | |
|---|---|
| Annual | $21,730 |
| Annual Per SF | $1.56 |
| Operating Expenses | |
|---|---|
| Annual | $54,395 |
| Annual Per SF | $3.92 |
| Total Expenses | |
|---|---|
| Annual | $76,125 |
| Annual Per SF | $5.48 |
| Net Operating Income | |
|---|---|
| Annual | $138,875 |
| Annual Per SF | $10.00 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Oven
- Range
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 750 |
| 2+1 | 10 | - | 875 |
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 4602-0000-0003-007 | Total Assessment | $490,300 (2025) |
| Land Assessment | $283,750 (2025) | Annual Taxes | $21,730 ($1.56/SF) |
| Improvements Assessment | $206,550 (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
4602-0000-0003-007
Land Assessment
$283,750 (2025)
Improvements Assessment
$206,550 (2025)
Total Assessment
$490,300 (2025)
Annual Taxes
$21,730 ($1.56/SF)
Tax Year
2026
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1101 E Main St, League City TX: 16 MF UNITS | 1101 E Main St
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