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    527 W 8th Street , #531

    Freeport, TX 77541
    • $205,000
    • STATUS: Active
    • ID#: 41092857
    UPDATED: 33 min ago
    $205,000
    • 3
      BEDS
    • 0.32
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    • 2,852
      SQFT
    • $72
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1950
    County:
    Area:
    5

    School Information

    High School:
    School District:

    Description

    Perfect investor opportunity. Rent ratio at 1.27 , Cap rate at 14% with a combined vacancy and operating expenses at 10%. Well located for tenant employment and short travel distance. Property currently consist of: three / one bedroom units which should rent for $500.00, one / two bedroom unit which should rent for $650.00 a month and one / three bedroom unit should rent for around $700.00 a month. Each of the five units are individually metered for electricity and there is a single water meter. All offers will be reviewed on 10/26.

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    © 2020 Houston Realtors Information Service, Inc. All rights reserved. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2020-12-04T14:13:58.76.
    www.ororealtytx.com/homes/111244238
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    527 W 8th Street , #531 Freeport, TX 77541

    • Price: $205,000
    • Status: Active
    • Updated: 33 min ago
    • ID#: 41092857
    3
    Beds
    1
    Baths
    0
    ½ Baths
    0.32
    Acres
    2,852
    SQFT
    $72
    $/SQFT
    1950
    Built
    Neighborhood:
    Freeport
    County:
    Brazoria
    Area:
    5
    Elementary School:
    Fleming Elementary School (Brazosport)
    Middle School:
    Freeport Intermediate School
    High School:
    Brazosport High School
    School District:
    Brazosport
    Property Description
    Perfect investor opportunity. Rent ratio at 1.27 , Cap rate at 14% with a combined vacancy and operating expenses at 10%. Well located for tenant employment and short travel distance. Property currently consist of: three / one bedroom units which should rent for $500.00, one / two bedroom unit which should rent for $650.00 a month and one / three bedroom unit should rent for around $700.00 a month. Each of the five units are individually metered for electricity and there is a single water meter. All offers will be reviewed on 10/26.
    Exterior Features

    Roof Composition

    Interior Features

    Cool System Window Units Heat System Space Heater

    Property Features

    Country United States Disclosures No Disclosures Expense Owner Operating ElectricWater/Sewer Fee Other No Lot Size Source Appraisal District Lot Value No Maintenance Fee Yes No No Management Co YN No New Construction No Property Sub Type 5 Plus Restrictions Deed Restrictions Sq Ft Source Appraisal District Tax Amount 3874 Tax Rate 2.6534 Tax Year 2020 Year Built Src Appraisal District

    Listing information © 2020 Houston Association of REALTORS® MLS.
    Listing courtesy of Champions Real Estate Group.



    © 2020 Houston Realtors Information Service, Inc. All rights reserved. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2020-12-04T14:13:58.76.
     
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