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207 20th St 7 Unit Apartment Building $625,000 ($89,286/Unit) 9.72% Cap Rate San Leon, TX 77539
INVESTMENT HIGHLIGHTS
- FM 646 /BAYSHORE DR ROAD FRONTAGE
- 2 BLOCKS TO GALVESTON BAY
EXECUTIVE SUMMARY
Welcome to sunny San Leon! This property boasts 3 buildings with a total of 7 individual units. Two storage units are available for rent separately or as one unit. Located approximately 2 blocks from the water on Bayshore Drive, this prime real estate is surrounded by popular eateries like Top Water Grill and Pier 6, just minutes away. Don't miss out on this fantastic investment opportunity!
PROPERTY FACTS
| Price | $625,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $89,286 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.65 AC |
| Cap Rate | 9.72% | Building Size | 4,104 SF |
| Gross Rent Multiplier | 7 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2010 |
| Property Subtype | Apartment |
| Price | $625,000 |
| Price Per Unit | $89,286 |
| Sale Type | Investment |
| Cap Rate | 9.72% |
| Gross Rent Multiplier | 7 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.65 AC |
| Building Size | 4,104 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2010 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Storage Space
- Smoke Detector
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $40,200 | Total Assessment | $40,200 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$40,200
Improvements Assessment
$0
Total Assessment
$40,200
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Presented by
Griffin Realty & Associates
207 20th St
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