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Investing in a Stabilization Deal can significantly increase the value of your investment! This complex consists of 20 units, including 16 one-bedroom/one-bathroom units and 2 two-bedroom/one-bathroom units, along with a Coin Laundry facility. Each unit has its own meters, with tenants responsible for electricity, while the owner covers water expenses. Recent renovations include a new roof, paved parking, and various other upgrades. Currently, only 3 units are vacant, and with effective management and cosmetic improvements, these units can be leased out at market rates, making it an attractive opportunity for serious investors. Situated within walking distance to downtown Angleton. • Estimated NOI: $112,251 ($138,660 - $26,409) • Cap Rate: 7% based on a $1,545,000 investment This property offers a solid investment opportunity with room for growth and value enhancement. With strategic improvements and management, it has the potential to yield attractive returns.
*Disclaimer: Listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
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