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1825 Bayou Rd

10 Unit Block of Flats £899,818 (£89,982/Unit) 8.66% Net Initial Yield La Marque, TX 77568

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Investment Highlights

Convenient location
Pool

Quiet area

Executive Summary

Spacious Multi-Unit Investment Property – Ideal for Rental Income Welcome to 1825 Bayou Rd., a prime investment opportunity in the heart of La Marque, TX. This multi-unit property features 10 rental units across a mix of 1- and 2-bedroom layouts, each designed for comfortable living with a range of amenities. Property Features: • Total Gross Income: $135,900 annually • Unit Mix: • 5 units: 1-bedroom, 1-bath (800 sq. ft. each) • 5 units: 2-bedroom, 1-1.5 bath (1050 sq. ft. each) • Modern Amenities: Each unit comes with spacious layouts, fully equipped kitchens, and comfortable living spaces. • Recent Updates: The property has been well-maintained with updates to major systems, ensuring peace of mind for investors. • Convenient Location: Situated close to schools, shopping, and major highways, tenants enjoy the perfect balance of quiet residential living and easy access to city conveniences. • Parking: Ample on-site parking for tenants and guests. Investment Potential: • Cap Rate: 8.66% • Gross Rent Multiplier (GRM): 8.46 • Annual Operating Expenses: $36,300, with a Net Operating Income (NOI) of $99,600. This property is perfect for investors seeking a reliable source of rental income with significant long-term appreciation potential. With stable tenants and low vacancy rates, 1825 Bayou Rd. is a solid addition to any real estate portfolio.

Property Facts

Price	£899,818	Apartment Style	Low Rise
Price Per Unit	£89,982	Building Class	C
Sale Type	Investment	Lot Size	0.33 AC
Net Initial Yield	8.66%	Building Size	7,906 SF
Gross Rent Multiplier	8.46	Number of Floors	2
No. Units	10	Year Built/Renovated	1973/2022
Property Type	Residential	Parking Ratio	0.13/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£899,818
Price Per Unit	£89,982
Sale Type	Investment
Net Initial Yield	8.66%
Gross Rent Multiplier	8.46
No. Units	10
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.33 AC
Building Size	7,906 SF
Number of Floors	2
Year Built/Renovated	1973/2022
Parking Ratio	0.13/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.