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1500-1502 Oleander Dr 8 Unit Apartment Building $649,000 ($81,125/Unit) La Marque, TX 77568
Investment Highlights
- 8 Unit Multifamily in La Marque - NOT IN THE 100 YEAR FLOOD PLAIN
- Brick and sided construction
- Corner property
- Two Fourplexes 2 BR / 1 BA units - 825 square feet each
- Paved off-street parking
- Easy Access to I-45
Executive Summary
Rare investment opportunity in a growing market. Add 8 units to your residential leasing portfolio at a price less than $82K per door. These two low-maintenance fourplexes are easy to rent at a price point below more expensive surrounding markets. Easy access to I-45 and off-street paved parking make these units ideal for commuter living and supported working rents. Not in the 100 year flood plain.
Property Facts
| Price | $649,000 | Building Class | C |
| Price Per Unit | $81,125 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 6,600 SF |
| No. Units | 8 | Average Occupancy | 88% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1976 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Price | $649,000 |
| Price Per Unit | $81,125 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 6,600 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1976 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Tile Floors
- Kitchen
- Oven
- Tub/Shower
- Family Room
- Linen Closet
- Pantry
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $1,100 | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5345-0003-0008-000 | Improvements Assessment | $346,298 |
| Land Assessment | $2,770 | Total Assessment | $349,068 |
Property Taxes
Parcel Number
5345-0003-0008-000
Land Assessment
$2,770
Improvements Assessment
$346,298
Total Assessment
$349,068
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1500-1502 Oleander Dr
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