Log In/Sign Up
Your email has been sent.
Redfish Run Apartments 8-Plex 4841 N Highway 35 N 8 Unit Apartment Building $850,000 ($106,250/Unit) 10.19% Cap Rate Rockport, TX 78382
Investment Highlights
- Six RV sites (not rented)
- 2017 metal roof rated for 160 mph wind; Shatterproof Windows
- Tenant pays electric. City water & Garbage paid by landlord
- Stable Apartment tenants (8 Units) on written leases
- ACTUAL INCOME - Room for rate increases
- 1st Floor vinyl plank flooring; 2nd Floor Interface Commercial Tiles in bedrooms and vinyl plank
Executive Summary
Excellent investment opportunity with stable apartment tenants.
NOTE: The additional RV sites have water lines and metered electric pedestals. Sites could be rented after installation of collection lines to an existing unused septic system. Potential additional income using the RV Sites or for Tiny Homes.
NOTE: The additional RV sites have water lines and metered electric pedestals. Sites could be rented after installation of collection lines to an existing unused septic system. Potential additional income using the RV Sites or for Tiny Homes.
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 | $850,000 | Apartment Style | Low-Rise |
| Price Per Unit | $106,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.02 AC |
| Cap Rate | 10.19% | Building Size | 7,456 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.45 | No. Stories | 2 |
| No. Units | 8 | Year Built/Renovated | 1984/2018 |
| Property Type | Multifamily | Parking Ratio | 4.29/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | None - No Zoning | ||
| Price | $850,000 |
| Price Per Unit | $106,250 |
| Sale Type | Investment |
| Cap Rate | 10.19% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 9.45 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.02 AC |
| Building Size | 7,456 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1984/2018 |
| Parking Ratio | 4.29/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | None - No Zoning |
Amenities
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Site Amenities
- Fenced Lot
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $1,070 | 830 |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | R56154 | Total Assessment | $443,700 (2025) |
| Land Assessment | $188,830 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $254,870 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
R56154
Land Assessment
$188,830 (2025)
Improvements Assessment
$254,870 (2025)
Total Assessment
$443,700 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Redfish Run Apartments 8-Plex | 4841 N Highway 35 N
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.