Price Upon Req.190,697 SF
**OFERS DUE JUNE 8TH** FOR MORE INFORMATION PLEASE CLICK THE CONFIDENTIALITY AGREEMENT IN ATTACHMENT SECTION BELOW. The Park at Cedar Lawn is a 192-unit multifamily asset located in the heart of Galveston Island, Texas. Galveston is located on the Gulf of Mexico, just 50 miles southeast of Houston. The Property is situated on approximately 6 acres and is located off Avenue N, just three blocks south of the heavily traveled Broadway St., Galveston' s main thoroughfare with a daily traffic count of more than 48,000 vehicles. Adjacent to the property is the prestigious Cedar Lawn subdivision, Galveston' s first fully planned residential neighborhood with home values up to $875,000. The Park at Cedar Lawn consists of 192 units. The community features 48 historic units and 144 garden units. The historic units were converted from a former U.S. Marine Hospital built in the 1930s into 48 one-of-a-kind residential lofts. The 144 garden units, which surround the historic hospital buildings, were built as an addition to the property in 1985. The property offers an extensive variety of apartment living options with 35 unique floorplans that average 993 square feet.
INCOME / EXPENSE VERIFIABLE BY TAX RETURNS! Courtyard Apartments has gone through extensive renovations since 2008 which includes but is not limited to new flooring, new kitchens, new appliances, new laundry room with owned machines. Koi pond and upgraded outdoor living space and landscaping. Almost $1,600,000 in upgrades and renovations. Water Heaters, Roof, Chiller, Boiler System - all replaced. Maintenance / Asst Manager available to stay. Has been with property since 2008. All Bills Paid with only $141,999 in annual expenses. Net Operating Income is $222,072 Property is on a partial LURA - 19 units at Low Income with $35,750 income limit (2 people household) or rent limit of $779 for 1 bdr or $877 for 2bdr. Detailed Rent Rolls, Capital Expenditure, Actual Annual Profit & Loss Statements, Profit & Loss Proforma, Survey and 2015 Appraisal available upon request. Stable economic growth from oil/gas as well as wind energy industries.
Well established RV/MH park located in "Sunny South Texas". 65 mobile home spaces & 46 RV spaces (111 Spaces). Full occupancy during Winter Texas season. Amenities include park office, owner's mobile home,clubhouse/rec hall, large kitchen fully equipped, indoor heated pool, jacuzzi, shuffleboard, billards room, craft room, shop. Park is fenced and gated with paved streets, lush landscaping, huge mature trees, fruit trees, grassy lawns. All city utilities.
Two buildings adjacent to each other with identical floor plans. 300 Parkside price is $389,000; 312 Parkside is $474,000...owner will not sell separately. See attached flyer.
Corner of Pera Ave and Copia. This property features 8 units of leased apartments and a storefront ready for a tenant.
Great investment opportunity on Alameda Ave. with a 12% CAP rate. Sale consists of small apartment complex, a 3 bedroom home and a used car dealership.
All brick duplexes with covered concrete parking and great visibility. Property consists of 4 rental units that are 100% occupied. Each unit includes 2 bedrooms 1 bath, are in excellent condition and rent for $1,000 per month per unit.
Price reduced!!! 11 unit Rental and 1 house all units are one bedroom, one bathroom. House is 3 bedroom,one bathroom. Four sides brick on 11 units covered parking. Managed with Management company. Hwy 97 frontage
Baths: 2 Beds: 3 Stories: 1 Built: 2001 Seller is offering a $3000 carpet allowance.
All houses are 100% occupied and have been renovated within the last two years. This stable investment offers homes built between 1968 to 2001 and vary in size and unit mix. 95% of houses are bread and butter 3-2-2. This opportunity allows the investor to purchase a stabilized portfolio of homes that provide ample cash flow, high growth potential, and strong value gains. All homes are located in good areas of greater San Antonio and within close proximity to employment, schools, parks, restaurants, public transportation, and freeways.