4841 Highway 35 N new

Rockport,TX 78382

$ 850000

16 Beds

8 Baths

7456 SqFt


Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,456 sqft

Price per Sqft $114

Subdivision Gilliland

MLS Listing ID 459319

Bedrooms 16

Full Baths 8

HOA Y/N No

Year Built 1984

Annual Tax Amount $6,292

Lot Size 1.020 Acres

Acres 1.02

Property Sub-Type Multi Family

Property Description

Exceptionally maintained and updated 8 unit apartment building. All units rented with stable tenants-owner occupies one unit negotiable on leasing back, vacating or leasing prior to closing. Rents recently increased but there is room to increase rents further to keep up with market rates. All AC units have been replaced in the last 4 years. The roof and back awning are rated with WP8 at 160 mph. All windows were replaced with shatterproof glass. Quartz counters, updated cabinets in all units installed in 2018. All units complete with all appliances: built in microwave, refrigerators with ice makers, electric range, dishwasher, and combo washer dryers. Price based on 9.36% cap rate

Location

State TX

County Aransas

Interior

Interior Features Open Floorplan,Window Treatments,Ceiling Fan(s)

Heating Central,Electric

Cooling Electric,Central Air

Flooring Carpet,Vinyl

Fireplace No

Appliance Dishwasher,Electric Oven,Electric Range,Microwave,Dryer,Washer

Exterior

Exterior Feature Storage

Parking Features Concrete

Fence Chain Link

Pool None

Utilities Available Septic Available,Water Available

Amenities Available None

Roof Type Metal

Porch Covered,Patio

Total Parking Spaces 32

Building

Lot Description Landscaped

Faces North

Story 2

Entry Level Two

Foundation Slab

Water Public

Level or Stories Two

Additional Building None,Storage

Schools

Elementary Schools Fulton

Middle Schools Rockportfulton

High Schools Rockportfulton

School District Rockportfultonisd

Others

Tax ID 2249070300000

Security Features Smoke Detector(s)

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

Special Listing Condition Relocation

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