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LUHN-HARRIS APARTMENTS 215 E Luhn St 7 Unit Apartment Building $1,350,000 ($192,857/Unit) 5.91% Cap Rate Bellville, TX 77418
Investment Highlights
- Desirable Area Near Downtown
- Strong Rental Market
- No Deferred Maintenance
Executive Summary
Turnkey 7-Unit Apartment Complex in Thriving Bellville, TX – Built in 2009
Excellent investment opportunity in the heart of Bellville! This well-maintained 7-unit apartment complex was built in 2009 and offers a proven track record in a strong rental market with high demand. Each spacious unit features 1,206 sq ft of living space with 2 bedrooms and 1.5 bathrooms. Interiors include vinyl and carpet flooring, ceiling fans, and all appliances—including in-unit washer and dryer sets.
Residents enjoy fenced-in covered patios for privacy and outdoor relaxation. The property has been meticulously cared for, with no deferred maintenance and several recent upgrades, including a new roof in 2024 and new HVAC systems in most units. All units are smoke-free and separately metered for water, sewer, and electricity, making utility management easy and efficient. Internet is provided by AT&T.
Located in a desirable area close to downtown Bellville, this property offers both stability and long-term appreciation potential. With strong tenant appeal and consistent occupancy, this is an ideal acquisition for investors seeking a reliable, income-producing asset in a growing market.
Excellent investment opportunity in the heart of Bellville! This well-maintained 7-unit apartment complex was built in 2009 and offers a proven track record in a strong rental market with high demand. Each spacious unit features 1,206 sq ft of living space with 2 bedrooms and 1.5 bathrooms. Interiors include vinyl and carpet flooring, ceiling fans, and all appliances—including in-unit washer and dryer sets.
Residents enjoy fenced-in covered patios for privacy and outdoor relaxation. The property has been meticulously cared for, with no deferred maintenance and several recent upgrades, including a new roof in 2024 and new HVAC systems in most units. All units are smoke-free and separately metered for water, sewer, and electricity, making utility management easy and efficient. Internet is provided by AT&T.
Located in a desirable area close to downtown Bellville, this property offers both stability and long-term appreciation potential. With strong tenant appeal and consistent occupancy, this is an ideal acquisition for investors seeking a reliable, income-producing asset in a growing market.
Property Facts
| Price | $1,350,000 | Apartment Style | Low-Rise |
| Price Per Unit | $192,857 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.38 AC |
| Cap Rate | 5.91% | Building Size | 8,442 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2009 |
| Zoning | MIXED USE, RESIDENTIAL | ||
| Price | $1,350,000 |
| Price Per Unit | $192,857 |
| Sale Type | Investment |
| Cap Rate | 5.91% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 8,442 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2009 |
| Zoning | MIXED USE, RESIDENTIAL |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- High Speed Internet Access
- Refrigerator
- Sprinkler System
- Tub/Shower
- Carpet
- Patio
- Smoke Free
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 7 | $1,500 | 1,206 |
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Walk Score®
Very Walkable (71)
Property Taxes
| Parcel Number | R000008957 | Improvements Assessment | $732,322 |
| Land Assessment | $106,047 | Total Assessment | $794,636 |
Property Taxes
Parcel Number
R000008957
Land Assessment
$106,047
Improvements Assessment
$732,322
Total Assessment
$794,636
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LUHN-HARRIS APARTMENTS | 215 E Luhn St
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