11111 Wiggins St #12 Jacinto City, TX 77029
$575,000
This 12-unit apartment complex in Jacinto City offers a strong investment opportunity with immediate cash flow and upside potential. Currently 90%+ occupied, the property benefits from a stable tenant base, including many long-term residents. At current rental rates, the asset is delivering a high CAP rate, making it attractive for yield-focused investors. Recent capital improvements include new electrical panels installed in all units in 2023, reducing near-term maintenance concerns. The property presents additional upside through rental increases, particularly with potential conversion to Section 8 housing. Tenants enjoy convenient access to public transportation, grocery stores, and nearby dining options. The complex also features dedicated on-site parking with 14 spaces accessible from Wiggins Street. This is a turnkey asset with both stability and value-add potential in a high-demand rental area. ** All tenants are month to month.
Corner Lot
Energy Efficient
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InteriorFloors:TileCooling:Window UnitsHeating:Space HeaterMicrowave:NoCompactor:NoDishwasher:NoEnergy Feature:Ceiling Fans
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ExteriorRoof:CompositionExterior Type:Brick,Cement Board,WoodLot Description:CornerParking Unit:OneParking:Paved AreaFront Door Face:South
Listed By:
Steven Blair
Keller Williams Memorial
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