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4505 & 4510 18th St. Apartments 4505 18th St 28 Unit Apartment Building $3,500,000 ($125,000/Unit) 7.15% Cap Rate Bacliff, TX 77518
INVESTMENT HIGHLIGHTS
- 28 Total Rentable Multifamily Residential Units
- Two Blocks from Highway 146
- One Block from Grand Avenue
- Various Surrounding Area Retailers within Walkable Distance from Complex
EXECUTIVE SUMMARY
4505 & 4510 18th St. Bacliff, Tx - Well Maintained The complex consists of three separate multifamily residential building located at both corners of 18th Street and Avenue B.
Lot 1 measures 18,750 SF with 175 FT of frontage on 18th St and 125 FT of frontage on Avenue B. Buildings 1 & 2 are located on lot 1 and have a total of 13,200 rentable SF. Building 1 contains (2) 1 BED/1 BATH units and Building 2 contains (11) 2 BED/1 BATH units.
Lot 2 measures 21,875 SF with 125 FT of frontage on 18th St and 150 FT of frontage on Avenue B. Building 3 is located on lot 2 and contains a total of 8,982 rentable SF with (15) 2 BED/2 BATH units.
All units have been upgraded with Pex Plumbing
Lot 1 measures 18,750 SF with 175 FT of frontage on 18th St and 125 FT of frontage on Avenue B. Buildings 1 & 2 are located on lot 1 and have a total of 13,200 rentable SF. Building 1 contains (2) 1 BED/1 BATH units and Building 2 contains (11) 2 BED/1 BATH units.
Lot 2 measures 21,875 SF with 125 FT of frontage on 18th St and 150 FT of frontage on Avenue B. Building 3 is located on lot 2 and contains a total of 8,982 rentable SF with (15) 2 BED/2 BATH units.
All units have been upgraded with Pex Plumbing
PROPERTY FACTS
| Price | $3,500,000 | Building Class | C |
| Price Per Unit | $125,000 | Lot Size | 0.93 AC |
| Sale Type | Investment | Building Size | 22,182 SF |
| Cap Rate | 7.15% | Average Occupancy | 100% |
| No. Units | 28 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2006 |
| Property Subtype | Apartment | Parking Ratio | 1.35/1,000 SF |
| Apartment Style | Garden |
| Price | $3,500,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| Cap Rate | 7.15% |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.93 AC |
| Building Size | 22,182 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2006 |
| Parking Ratio | 1.35/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Disposal
- Washer/Dryer
- Ceiling Fans
- Tile Floors
- Kitchen
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 11 | - | - |
| 2+2 | 15 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 2655-0126-0005-000 | Improvements Assessment | $1,122,620 |
| Land Assessment | $84,380 | Total Assessment | $1,207,000 |
PROPERTY TAXES
Parcel Number
2655-0126-0005-000
Land Assessment
$84,380
Improvements Assessment
$1,122,620
Total Assessment
$1,207,000
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4505 & 4510 18th St. Apartments | 4505 18th St
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