For Sale

$920,000

HIGHLIGHTS:
  • Active
  • $11,693/month
  • 11 DOM
  • 1 Stories
  • 0 Beds
  • 0 SqFT
Description

Investors welcome to 1026 & 1016 Miles St – 11-Unit Multifamily Opportunity in Rosenberg, TX. This stabilized, cash-flowing 11-unit asset generating $94,800 in annual gross income with approximately $16,812 in expenses, resulting in a strong $77,988 NOI. Offered at $920,000, this equates to an attractive 8.48% cap rate and $83,636 per door. High-occupancy property with room for strategic rent increases and the opportunity to add an on-site laundry facility to further enhance NOI. Tenants are individually metered for electricity, public water is in place, and a long-term tenant base provides consistent stability. Recent capital improvements include updated roof (2023), all water heaters replaced (2023), PEX plumbing installed in 1026 (Building 1), and five units remodeled between 2022–2023. A performing asset delivering immediate cash flow with clear upside potential.

Overview
  • MLS Number: 55581660
  • Type: Multi-Family
  • Bedrooms: N/A
  • Bathrooms: N/A
  • Garages: N/A
  • Size: N/A
  • Land Size: 16,800 sqft
  • Year Built: 1945
Financial
Price:
$920,000
Price/SqFT:
0
HOA Fee:
Tax Rate:
1.8689 %
Est. Monthly:
$11,693 *
Tax Amount:
$17,194
Amenities and features
Property & Schools on Map
Floor plans / Dimensions / Descriptions
  • Floors:
    Tile
    Heating:
    Central Gas
    Cooling:
    Window Units
    Microwave:
    Yes
  • Roof:
    Composition

Listed By:
Henry Santos

White House Global Properties

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