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404 W 3rd St 11 Unit Mobile Home Park $1,299,000 ($118,091/Unit) 9.20% Cap Rate League City, TX 77573
Executive Summary
This multi-tenant property is located in the heart of League City in the Downtown District under the oaks. This is a high-income producing property with 5 micro 1 bedroom apts, 4 modular units, and 2 STR ( 1/1 and 2/1.5 ) Three of the units are Short-Term Rental/Mid-Term Rental with established clientele and high occupancy. Providing endless income opportunities. There is income value add to the property!
Property Facts
| Price | $1,299,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $118,091 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.86 AC |
| Cap Rate | 9.20% | Building Size | 5,572 SF |
| No. Units | 11 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1955 |
| Price | $1,299,000 |
| Price Per Unit | $118,091 |
| Sale Type | Investment |
| Cap Rate | 9.20% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | B |
| Lot Size | 0.86 AC |
| Building Size | 5,572 SF |
| No. Stories | 1 |
| Year Built | 1955 |
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Property Taxes
| Parcel Number | 5125-0003-0011-000 | Improvements Assessment | $352,510 |
| Land Assessment | $152,280 | Total Assessment | $504,790 |
Property Taxes
Parcel Number
5125-0003-0011-000
Land Assessment
$152,280
Improvements Assessment
$352,510
Total Assessment
$504,790
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404 W 3rd St
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