For Sale
1914 Larrabee St 1-12 Seabrook, TX 77586
$1,213,000
Description
Located in the charming lakefront community of Seabrook, this well-maintained 12-unit apartment complex presents a strong investment opportunity in a highly sought-after area. The property includes a mix of four 2-bedroom, 1-bathroom units and eight 1-bedroom, 1-bathroom units—perfectly suited for a variety of tenants. All 2-bedroom units feature private, fenced backyards, offering additional outdoor living space—a rare find in multifamily properties. Each unit is equipped with energy-efficient double-pane windows, updated water heaters, and PEX plumbing. As well as 1 covered parking space per unit. 10 of the units have had their HVAC systems replaced within the last 4 years, significantly reducing ongoing maintenance costs. The complex features onsite laundry facility with two coin-operated washers & dryers. 3 year (2022-2024) NOI average=$69,635 with huge upside to turn into vacation rental, within walking distance to Clear Lake-watercraft rentals, waterfront restaurants & nightl
Overview
Financial
Price:
$1,213,000
Price/SqFT:
$302.95
HOA Fee:
Tax Rate:
0 %
Est. Monthly:
$12,365 *
Tax Amount:
$0
Amenities and features
Energy Efficient
Property & Schools on Map
Floor plans / Dimensions / Descriptions
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InteriorFloors:Carpet,Tile,Vinyl PlankCountertop:GraniteHeating:Central GasCooling:Central ElectricDishwasher:YesDisposal:YesMicrowave:YesEnergy Feature:Ceiling Fans,Digital Program Thermostat,Energy Star Appliances,High-Efficiency HVAC,Insulated/Low-E windows,North/South Exposure
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ExteriorRoof:OtherExterior Type:Brick,Cement Board,WoodParking:Carport ParkingParking Unit:One
Listed By:
Krystyna Fennelly
eXp Realty, LLC
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