About 105 N Rockisland St
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 Exceptional Investment Opportunity: 20-Unit Apartment Complex Key Investment Highlights: ? Attractive Price: Acquire today for just $1.3 million! ? High Potential Value: Once stabilized, the property could be valued at $2,250,000 based on an income approach. ? Affordable Renovation: Budget $80,000 for rehab and stabilization. ? With a conservative first-year proforma and only 50% occupancy, you could see an impressive 16.41% IRR in a 10 Years exit plan ? Proforma Available: Check our preliminary proforma for detailed financial insights.
Features of 105 N Rockisland St
| MLS® # | 15170675 |
|---|---|
| Price | $1,350,000 |
| Bedrooms | 1 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 14375 |
| Acres | 0.00 |
| Year Built | 1973 |
| Type | Multi-Family |
| Sub-Type | Multiple Detached Dwellings |
| Status | Active |
Community Information
| Address | 105 N Rockisland St |
|---|---|
| Area | 5 - Brazoria County |
| Subdivision | I T Tinsley |
| City | Angleton |
| County | Brazoria |
| State | Texas |
| Zip Code | 77515 |
Amenities
| Utilities | Cable, Electric, Gas, Water |
|---|---|
| Features | Fenced Area, Patio |
| Parking | Off Site Parking, Paved Area |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Central Gas |
|---|---|
| Cooling | Central Electric |
| Fireplace | No |
| # of Stories | 2.00 |
Exterior
| Roof | Other |
|---|
School Information
| District | 5 - Angleton |
|---|---|
| Elementary | CENTRAL ELEMENTARY SCHOOL (ANGLETON) |
| Middle | ANGLETON MIDDLE SCHOOL |
| High | ANGLETON HIGH SCHOOL |
Additional Information
| Days on Website | 138 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | Winhill Advisors - Kirby |
|---|