4505 & 4510 18th St. Apartments | 4505 18th St
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4505 & 4510 18th St. Apartments 4505 18th St
28 Unit Block of Flats £2,761,500 (£98,625/Unit) 7.15% Net Initial Yield Bacliff, TX 77518
Investment Highlights
- 28 Total Rentable Multifamily Residential Units
- Two Blocks from Highway 146
- One Block from Grand Avenue
- Various Surrounding Area Retailers within Walkable Distance from Complex
Executive Summary
4505 & 4510 18th St. Bacliff, Tx - Well Maintained The complex consists of three separate multifamily residential building located at both corners of 18th Street and Avenue B.
Lot 1 measures 18,750 SF with 175 FT of frontage on 18th St and 125 FT of frontage on Avenue B. Buildings 1 & 2 are located on lot 1 and have a total of 13,200 rentable SF. Building 1 contains (2) 1 BED/1 BATH units and Building 2 contains (11) 2 BED/1 BATH units.
Lot 2 measures 21,875 SF with 125 FT of frontage on 18th St and 150 FT of frontage on Avenue B. Building 3 is located on lot 2 and contains a total of 8,982 rentable SF with (15) 2 BED/2 BATH units.
Lot 1 measures 18,750 SF with 175 FT of frontage on 18th St and 125 FT of frontage on Avenue B. Buildings 1 & 2 are located on lot 1 and have a total of 13,200 rentable SF. Building 1 contains (2) 1 BED/1 BATH units and Building 2 contains (11) 2 BED/1 BATH units.
Lot 2 measures 21,875 SF with 125 FT of frontage on 18th St and 150 FT of frontage on Avenue B. Building 3 is located on lot 2 and contains a total of 8,982 rentable SF with (15) 2 BED/2 BATH units.
Property Facts
| Price | £2,761,500 | Building Class | C |
| Price Per Unit | £98,625 | Lot Size | 0.93 AC |
| Sale Type | Investment | Building Size | 22,182 SF |
| Net Initial Yield | 7.15% | Average Occupancy | 96% |
| No. Units | 28 | Number of Floors | 1 |
| Property Type | Residential | Year Built | 2006 |
| Property Subtype | Apartment | Parking Ratio | 1.35/1,000 SF |
| Apartment Style | Garden |
| Price | £2,761,500 |
| Price Per Unit | £98,625 |
| Sale Type | Investment |
| Net Initial Yield | 7.15% |
| No. Units | 28 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.93 AC |
| Building Size | 22,182 SF |
| Average Occupancy | 96% |
| Number of Floors | 1 |
| Year Built | 2006 |
| Parking Ratio | 1.35/1,000 SF |
Unit Amenities
- Air Conditioning
- Disposal
- Washer/Dryer
- Ceiling Fans
- Tile Floors
- Kitchen
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 11 | - | - |
| 2+2 | 15 | - | - |
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PROPERTY TAXES
| Parcel Number | 2655-0126-0005-000 | Improvements Assessment | £882,260 |
| Land Assessment | £29,587 | Total Assessment | £911,847 |
PROPERTY TAXES
Parcel Number
2655-0126-0005-000
Land Assessment
£29,587
Improvements Assessment
£882,260
Total Assessment
£911,847
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4505 & 4510 18th St. Apartments | 4505 18th St
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