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105 N Rockisland Street N
Angleton TX 77515 US

$1,350,000

Active Listing ID 15170675
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1 bed
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2.00 Bath (2 Full)
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Other

$1,350,000

Active Listing ID 15170675
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105 N Rockisland Street N 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.

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Property Features

  • Facts
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 2
  • Exterior Finish: Fenced Area, Patio
  • Floor Covering: Laminate
  • Roof Type: Other
  • Heating Fuels: Central Furnace

School Information

  • School
  • CENTRAL ELEMENTARY SCHOOL (ANGLETON)(Elementary)
  • Angleton Middle School(MiddleSchool)
  • Angleton High School(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1350000
  • unparsedaddress: 105 N Rockisland Street N
  • postalcity: Angleton
  • stateorprovince: TX
  • country: US
  • postalcode: 77515
  • bathroomsfull: 2
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 29.164894
  • longitude: -95.424499
  • listagentfullname: Joe Mitchell
  • listagentemail: joe@winhilladvisorskirby.com
  • listagentkey: 3yd-HARMLSTX-Joefernand
  • listagentmlsid: Joefernand
  • listagentpreferredphone: 7135743141
  • listagentofficephone: 7135743141
  • listofficekey: 3yd-HARMLSTX-CKPL01
  • listagentstatelicense: 0756262
  • listofficemlsid: CKPL01
  • disclaimer: Copyright © 2024 Houston Realtors Information Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: HARMLSTX
  • yearbuilt: 1973
  • listingcontractdate: 2024-03-30
  • countyorparish: Brazoria
  • parcelnumber: 0375-0186-000
  • elementaryschool: CENTRAL ELEMENTARY SCHOOL (ANGLETON)
  • highschool: ANGLETON HIGH SCHOOL
  • elementaryschooldistrict: 5 - Angleton
  • middleorjuniorschooldistrict: 5 - Angleton
  • highschooldistrict: 5 - Angleton
  • appliances: Garbage Disposer, Refrigerator
  • flooring: Laminate
  • heating: Central Furnace
  • numberofunitstotal: 20
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • parkingfeatures: Paved or Surfaced
  • roof: Other
  • waterfrontyn: False
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bedroom 1
  • utilities: Cable Available
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -95.4245, 29.164894
  • customfields: {"AlternatePrices":[], "BrokerName":"Winhill Advisors - Kirby", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"joe@winhilladvisorskirby.com", "ListBrokerageCity":"Houston", "ListBrokerageCountry":"US", "ListBrokerageEmail":"charliekriegeljr@gmail.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Winhill Advisors - Kirby", "ListBrokeragePhone":"713-574-3141", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"TX", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"2418 Richton St.", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"2418 Richton St.", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Houston", "ListOfficeCountry":"US", "ListOfficeEmail":"charliekriegeljr@gmail.com", "ListOfficePostalCode":"77098", "ListOfficeStateOrProvince":"TX", "ListPriceCurrencyType":"USD", "ListingTitle":"Detached - Angleton, TX", "ListingURL":"https://listings.listhub.net/pages/HARMLSTX/15170675/?channel=rexren", "MLSModificationTimestamp":"2024-08-01T15:49:07Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":18211, "TaxDescription":null, "TaxYear":"2023"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 9/12/2024 10:01:36 PM GMT
Source Updated Date: 9/18/2024 6:51:15 AM GMT

Courtesy of: Joe Mitchell, Winhill Advisors - Kirby, joe@winhilladvisorskirby.com

Copyright © 2024 Houston Realtors Information Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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