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2322 Central St 8 Unit Apartment Building $895,000 ($111,875/Unit) 8.30% Cap Rate Dickinson, TX 77539

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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

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
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

PROPERTY TAXES

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
  • Listing ID: 26691535

  • Date on Market: 9/22/2022

  • Last Updated:

  • Address: 2322 Central St, Dickinson, TX 77539

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