For Sale

$170,000

HIGHLIGHTS:
  • Active
  • $2,186/month
  • 30 DOM
  • 1 Stories
  • 0 Beds
  • 572 SqFT
Description

Income-Producing Multifamily W/ Expansion Potential Just off I-10 Turn-key multifamily investment on a corner lot just over half an acre, offering immediate cash flow with future upside. Located just off I-10 along the route to Bolivar Peninsula and nearby industrial plants, supporting both long-term and short-term rental demand.The property includes two well-maintained 1-bedroom, 1-bath units, each with a living area, kitchen, full bath, and private bedroom. Both units are tenant occupied on month-to-month leases, providing flexibility for rent increases, STR conversion, or owner-operator use. Unit 367 offers two mini-splits, a covered porch with handicap-accessible ramp and stairs, and a long-term tenant of over three years. Unit 369 features stair access and one mini-split. A detached utility building provides water heaters, washer/dryer, and tenant storage. The property is approved for two additional buildings, creating a clear path to increased density and long-term value.

Overview
  • MLS Number: 3555981
  • Type: Multi-Family - Multiple Detached Dw
  • Bedrooms: N/A
  • Bathrooms: N/A
  • Garages: N/A
  • Size: 572 SqF
  • Land Size: 21,980 sqft
  • Year Built: 2017
Financial
Price:
$170,000
Price/SqFT:
$297.20
HOA Fee:
Tax Rate:
1.84781 %
Est. Monthly:
$2,186 *
Tax Amount:
$3,141
Amenities and features
  • Corner Lot
Property & Schools on Map
Floor plans / Dimensions / Descriptions
  • Countertop:
    Formica
    Heating:
    Other Heating
    Cooling:
    Other Cooling
  • Roof:
    Metal
    Lot Description:
    Cleared,Corner

Listed By:
Rebecca Sherwood

RE/MAX Universal

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