Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

948 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Mallard Apts 4725 Mallard St 4 Unit Apartment Building $389,000 ($97,250/Unit) Hitchcock, TX 77563

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

INVESTMENT HIGHLIGHTS

Newly renovated fourplex

EXECUTIVE SUMMARY

Great investment opportunity to purchase a newly renovated 4-plex.

FINANCIAL SUMMARY (PRO FORMA - 2023)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$38,400	$17.30
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$38,400	$17.30
Taxes	$4,133	$1.86
Operating Expenses	$11,520	$5.19
Total Expenses	$15,653	$7.05
Net Operating Income	$22,747	$10.25

FINANCIAL SUMMARY (PRO FORMA - 2023)

Gross Rental Income
Annual	$38,400
Annual Per SF	$17.30

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$38,400
Annual Per SF	$17.30

Taxes
Annual	$4,133
Annual Per SF	$1.86

Operating Expenses
Annual	$11,520
Annual Per SF	$5.19

Total Expenses
Annual	$15,653
Annual Per SF	$7.05

Net Operating Income
Annual	$22,747
Annual Per SF	$10.25

PROPERTY FACTS

Price	$389,000	Building Class	C
Price Per Unit	$97,250	Lot Size	0.35 AC
Sale Type	Investment	Building Size	2,220 SF
No. Units	4	No. Stories	2
Property Type	Multifamily	Year Built	1963
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$389,000
Price Per Unit	$97,250
Sale Type	Investment
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment
Building Class	C
Lot Size	0.35 AC
Building Size	2,220 SF
No. Stories	2
Year Built	1963
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.