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$ 1,900,000
Est. payment /mo
Active
555 HWY 326 #Units 1-8 Sour Lake, TX 77659
10,592 SqFt
UPDATED:
12/18/2024 04:33 PM
Key Details
Property Type Condo
Sub Type Pkg. House/Condo
Listing Status Active
Purchase Type For Sale
Square Footage 10,592 sqft
Price per Sqft $179
Subdivision Tx
MLS Listing ID 253579
Annual Tax Amount $21,494
Property Description
Incredible investment opportunity with great cap rate in this FULLY OCCUPIED 8 unit complex! Only 2 years young in Hardin-Jefferson School District. Currently generating $12,400/month gross income. (that's almost $150,000 income per year!) Tenants cover their own utility payments. Each unit is identical: 1,324 sq ft, 3 bedrooms, 2 ½ bathroom, 1 car garage plus driveway parking for 2 more, primary suites have fully tiled shower/walk in closet/double sink vanity, has their own water and electric meters, comes with laundry appliances (washer & dryer), stainless kitchen appliances, granite countertops, kitchen island, and covered back patio. Just minutes to Hardin Jefferson school. Tax and insurance costs on file to calculate your return on investment. Because this property is only 2 years old, your maintenance costs will be little to none!
Location
State TX
Area Sour Lake
Interior
Heating Central Electric
Cooling Central Electric
Exterior
Exterior Feature Fenced Area, Private Patio
Roof Type Composition Shingle
Building
Story Two
Foundation Slab
Sewer City Sewer, City Water, Separate Meters
Water City Sewer, City Water, Separate Meters
Structure Type Brick/Veneer,HardiPlank,Stone
Schools
School District Hardin-Jeff. Isd
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Listed by RE/MAX ONE