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1865 Florida Dr 2 Unit Apartment Building Offered at $650,000 at a 6.10% Cap Rate Seabrook, TX 77586
Executive Summary
Great location for this 6 units condo with no HOA in Seabrook, currently being offer at 6.1% cap rate with an update as there is one vacant unit that can be leased for $1000 per month thus increasing the cap rate to 7.95% site is located very close to the Port of Houston, Deer Park refineries and chemical plants.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $650,000 | No. Units | 2 |
| Price Per Unit | $325,000 | Property Type | |
| Sale Type | Investment | Building Size | 5,488 SF |
| Cap Rate | 6.10% | No. Stories | 2 |
| Sale Condition | 1031 Exchange | Year Built | 1966 |
| Price | $650,000 |
| Price Per Unit | $325,000 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| Sale Condition | 1031 Exchange |
| No. Units | 2 |
| Property Type | |
| Building Size | 5,488 SF |
| No. Stories | 2 |
| Year Built | 1966 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 40 | - | 864 |
| 2+1 | 41 | - | 940 |
| 2+1 | 42 | - | 940 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
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1865 Florida Dr