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2322 Central St 8 Unit Apartment Building $895,000 ($111,875/Unit) 8.30% Cap Rate Dickinson, TX 77539
Investment Highlights
- Close proximity to Highway 3
Executive Summary
The subject property is an 8-unit income producing property located on Central Street in Dickinson, TX. Recently renovated, the property consists of (5) 2BR/1BA, (1) 3BR/1BA, (1) 1BR/1BA and (1) 2 BR/1.5BA units. Close proximity to Highway 3, FM 517 and I-45.
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2024) 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 - 2024) 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 | $895,000 | Apartment Style | Low-Rise |
| Price Per Unit | $111,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 8.30% | Building Size | 5,970 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1970/2020 |
| Zoning | CR - "CR" - Conventional Residential | ||
| Price | $895,000 |
| Price Per Unit | $111,875 |
| Sale Type | Investment |
| Cap Rate | 8.30% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 5,970 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1970/2020 |
| Zoning | CR - "CR" - Conventional Residential |
Amenities
Unit Amenities
- Dishwasher
- Washer/Dryer
- Ceiling Fans
- Vinyl Flooring
1 1
Property Taxes
| Parcel Number | 2395-0000-0081-000 | Total Assessment | $692,000 (2025) |
| Land Assessment | $14,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $678,000 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
2395-0000-0081-000
Land Assessment
$14,000 (2025)
Improvements Assessment
$678,000 (2025)
Total Assessment
$692,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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2322 Central St
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