Description
Located in the charming lakefront community of Seabrook, this well-maintained 12-unit apartment complex presents a strong investment opportunity in a highly sought-after area. The property includes a mix of four 2-bedroom, 1-bathroom units and eight 1-bedroom, 1-bathroom unitsperfectly suited for a variety of tenants. All 2-bedroom units feature private, fenced backyards, offering additional outdoor living spacea rare find in multifamily properties. Each unit is equipped with energy-efficient double-pane windows, updated water heaters, and PEX plumbing. As well as 1 covered parking space per unit. 10 of the units have had their HVAC systems replaced within the last 4 years, significantly reducing ongoing maintenance costs. The complex features onsite laundry facility w/ 2 coin-operated washers & dryers. 3 year (2022-2024) NOI average=approx $64k with huge upside to turn into vacation rental, within walking distance to Clear Lake-watercraft rentals, waterfront restaurants & nightlife.
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2BEDS
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N/AACRES
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1BATHS
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01/2 BATHS
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4,004SQFT
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$303$/SQFT
School Information
Description
Located in the charming lakefront community of Seabrook, this well-maintained 12-unit apartment complex presents a strong investment opportunity in a highly sought-after area. The property includes a mix of four 2-bedroom, 1-bathroom units and eight 1-bedroom, 1-bathroom unitsperfectly suited for a variety of tenants. All 2-bedroom units feature private, fenced backyards, offering additional outdoor living spacea rare find in multifamily properties. Each unit is equipped with energy-efficient double-pane windows, updated water heaters, and PEX plumbing. As well as 1 covered parking space per unit. 10 of the units have had their HVAC systems replaced within the last 4 years, significantly reducing ongoing maintenance costs. The complex features onsite laundry facility w/ 2 coin-operated washers & dryers. 3 year (2022-2024) NOI average=approx $64k with huge upside to turn into vacation rental, within walking distance to Clear Lake-watercraft rentals, waterfront restaurants & nightlife.