3205 Illinois St
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3205 Illinois St
4 Unit Block of Flats £288,724 (£72,181/Unit) 5.92% Net Initial Yield Baytown, TX 77520
Investment Highlights
- 100% Occupied Fourplex
Executive Summary
Exceptional Investment Opportunity in Baytown, Presenting a fully occupied fourplex offering unparalleled stability and strong rental income potential. Don't miss out on this rare opportunity to acquire a fully occupied fourplex in Baytown just minutes away from the EXXON-Mobil plant. Whether you're a seasoned investor or looking to enter the real estate market, this property promises steady returns and long term growth potential. Schedule a showing today!!
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£26,290
|
£10.74
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£26,290
|
£10.74
|
| Taxes |
£2,519
|
£1.03
|
| Operating Expenses |
£4,132
|
£1.69
|
| Total Expenses |
£6,651
|
£2.72
|
| Net Operating Income |
£19,639
|
£8.02
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £26,290 |
| Annual Per SF | £10.74 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £26,290 |
| Annual Per SF | £10.74 |
| Taxes | |
|---|---|
| Annual | £2,519 |
| Annual Per SF | £1.03 |
| Operating Expenses | |
|---|---|
| Annual | £4,132 |
| Annual Per SF | £1.69 |
| Total Expenses | |
|---|---|
| Annual | £6,651 |
| Annual Per SF | £2.72 |
| Net Operating Income | |
|---|---|
| Annual | £19,639 |
| Annual Per SF | £8.02 |
Property Facts
| Price | £288,724 | Apartment Style | Low Rise |
| Price Per Unit | £72,181 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Net Initial Yield | 5.92% | Building Size | 2,448 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1928/2020 |
| Price | £288,724 |
| Price Per Unit | £72,181 |
| Sale Type | Investment |
| Net Initial Yield | 5.92% |
| No. Units | 4 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,448 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built/Renovated | 1928/2020 |
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 4 | £547.72 | 600 |
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PROPERTY TAXES
| Parcel Number | 0591020000007 | Total Assessment | £109,512 (2023) |
| Land Assessment | £12,715 (2023) | Annual Taxes | £2,519 (£1.03/sf) |
| Improvements Assessment | £96,798 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0591020000007
Land Assessment
£12,715 (2023)
Improvements Assessment
£96,798 (2023)
Total Assessment
£109,512 (2023)
Annual Taxes
£2,519 (£1.03/sf)
Tax Year
2024
zoning
| Zoning Code | Multifamily |
| Multifamily |
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3205 Illinois St
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