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811 N Avenue F 18 Unit Apartment Building $1,070,000 ($59,444/Unit) 6.85% Cap Rate Freeport, TX 77541



Investment Highlights
- Affordable Rental Market
- Proximity to Workforce Hubs
- Access to Education
- Value-Add Potential
- Growth in Oil and Gas Industry
Executive Summary
Broker of Record
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Property Facts Under Contract
| Price | $1,070,000 | Building Class | C |
| Price Per Unit | $59,444 | Lot Size | 0.87 AC |
| Sale Type | Investment | Building Size | 18,000 SF |
| Cap Rate | 6.85% | Average Occupancy | 94% |
| No. Units | 18 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1.78/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | Multifamily | ||
| Price | $1,070,000 |
| Price Per Unit | $59,444 |
| Sale Type | Investment |
| Cap Rate | 6.85% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.87 AC |
| Building Size | 18,000 SF |
| Average Occupancy | 94% |
| No. Stories | 1 |
| Year Built | 1962 |
| Parking Ratio | 1.78/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
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Property Taxes
| Parcel Number | 8110-2331-000 | Improvements Assessment | $705,500 |
| Land Assessment | $171,760 | Total Assessment | $877,260 |
Property Taxes
Parcel Number
8110-2331-000
Land Assessment
$171,760
Improvements Assessment
$705,500
Total Assessment
$877,260
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811 N Avenue F
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