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Gateway Apartments 815 Saint Peter St 6 Unit Apartment Building $649,000 ($108,167/Unit) 7.41% Cap Rate Gonzales, TX 78629
Investment Highlights
- Oversized Garages
- Upgraded Flooring in Multiple Units
- New A/C units and Fresh paint in Multiple Units
Executive Summary
This well maintained 6-unit family property is a prime investment opportunity in the growing community of Gonzales, Texas. The property consists of (6) one bedroom, one-bathroom apartments, each featuring oversized attached garages offering tenants added convenience and storage. Washer/Dryer connection in each unit. Currently 100% Occupied with well-established rental history. This property offers immediate cash flow with significant room for future value growth through strategic improvements like converting a portion of garage space into an additional bedroom for increased rent potential of a 2/1! This property benefits from steady rental demand, convenient access to local amenities, restaurants and shopping!
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$70,745
|
$10.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$70,745
|
$10.03
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$22,684
|
$3.21
|
| Net Operating Income |
$48,061
|
$6.81
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $70,745 |
| Annual Per SF | $10.03 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $70,745 |
| Annual Per SF | $10.03 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $22,684 |
| Annual Per SF | $3.21 |
| Net Operating Income | |
|---|---|
| Annual | $48,061 |
| Annual Per SF | $6.81 |
Property Facts
| Price | $649,000 | Building Class | C |
| Price Per Unit | $108,167 | Lot Size | 0.50 AC |
| Sale Type | Investment | Building Size | 7,056 SF |
| Cap Rate | 7.41% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2013 |
| Property Subtype | Apartment | Parking Ratio | 1.7/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | X | ||
| Price | $649,000 |
| Price Per Unit | $108,167 |
| Sale Type | Investment |
| Cap Rate | 7.41% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 7,056 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2013 |
| Parking Ratio | 1.7/1,000 SF |
| Zoning | X |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Kitchen
- Refrigerator
- Tub/Shower
- Family Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $975.00 | 588 |
1 1
Property Taxes
| Parcel Number | 11188 | Improvements Assessment | $480,210 |
| Land Assessment | $30,230 | Total Assessment | $510,440 |
Property Taxes
Parcel Number
11188
Land Assessment
$30,230
Improvements Assessment
$480,210
Total Assessment
$510,440
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Gateway Apartments | 815 Saint Peter St
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