Address
105 N Rockisland Street, Angleton, TX
Price
$ 1,549,000
Property Attributes
- MLS#15170675
- TypeMulti-Family
- CountyBRAZORIA
- CityAngleton
- Area5
- NeighborhoodI T Tinsley
- Zip77515
- StyleMulti-Family
- Year Built1973
- Taxes$ 18211
- Price$ 1,549,000
- Bedrooms1
- Full Bathrooms2
- Half Bathrooms0
- Lot Size0.330005 Acres
Data Source:
Houston Association of REALTORS® (HAR)
Property Description
Investing in a Stabilization Deal can significantly increase the value of your investment! This complex consists of 20 units, including 16 one-bedroom/one-bathroom units and 2 two-bedroom/one-bathroom units, along with a Coin Laundry facility. Each unit has its own meters, with tenants responsible for electricity, while the owner covers water expenses. Recent renovations include a new roof, paved parking, and various other upgrades. Currently, only 3 units are vacant, and with effective management and cosmetic improvements, these units can be leased out at market rates, making it an attractive opportunity for serious investors. Situated within walking distance to downtown Angleton. • Estimated NOI: $112,251 ($138,660 - $26,409) • Cap Rate: 7% based on a $1,545,000 investment This property offers a solid investment opportunity with room for growth and value enhancement. With strategic improvements and management, it has the potential to yield attractive returns.
| Elementary School | Middle School | High School |
|---|---|---|
| Central Elementary School (Angleton) | Angleton Middle School | Angleton High School |
| Price History | |
|---|---|
| 3/30/2024 | Listed $1,599,000 |
| 5/7/2024 | 4% - $1,549,000 |
General Features
| Heating | Central Gas |
|---|---|
| Utilities | Cable,Electric,Gas,Water |
| Roof | Other |
| Restrictions | Deed Restrictions |
| Occupancy | 10% to 20% Vacancy |
| Full Baths | 2 |
| Year Built | 1973 |
| Subdivision | I T Tinsley |
| Stories | 2 |
| County | Brazoria |
| Tax Rate | 2.0299 |
| Property Type | Multi-Family |
| Yearly Taxes | 18211 |
| Census Tract | 6623 |
| Tax Year | 2023 |
| Income Net Operating | 112000 |
| Income Gross | 138000 |
| Legal Subdivision | I T TINSLEY |
| Status | Active |
| Sub Type | Multiple Detached Dwellings |
| Directions | Its proximity to Highway 288 facilitates easy access,particularly to the charming downtown area of Angleton Texas |
| City | Angleton |
| Disclosures | Tenant Occupied |
| School District | 5 - Angleton |
| Geo Market Area | Angleton |
| DOM | 49 |
| Elementary School | CENTRAL ELEMENTARY SCHOOL (ANGLETON) |
| Middle School | ANGLETON MIDDLE SCHOOL |
| Finance Available | Cash Sale,Conventional,Investor,Other |
| Lot Dimension | 17424 |
| High School | ANGLETON HIGH SCHOOL |
| List Type | Exclusive Right to Sell/Lease |
| Unit Total | 20 |
Interior Features
| Unit Features | Fenced Area,Patio |
|---|---|
| Total Bedrooms | 1 |
| Floors | Laminate |
| Refrigerator | 1 |
| Unit Count | 2 |
| Cool System | Central Electric |
| Total Baths | 2.00 |
Exterior Features
| Lot Size Source | Appraisal District |
|---|---|
| Parking Description | Off Site Parking,Paved Area |
| Lot Size | 14375 |
| Parking Unit | One |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 77515
Price
Taxes
Visits
Year Built
The information being provided by Houston Association of REALTORS, Inc. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Houston Association of REALTORS, Inc. This web site may reference real estate listing(s) held by a brokerage firm other
