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$840,000
-- Bed
- -- Bath
--sqft
1026 Miles St, Rosenberg, TX 77471
$840,000
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Multi Family
Built in 1945
$-- HOA
0.39 acre lot
--/sqft
Description
Investors welcome to 1026 & 1016 Miles St – 11-Unit Multifamily Opportunity in Rosenberg, TX. This stabilized, cash-flowing 11-unit asset generating $94,800 in annual gross income with approximately $16,812 in expenses, resulting in a strong $77,988 NOI. Offered at $890,000, this equates to an attractive 8.48% cap rate and $80,909 per door.
High-occupancy property with room for strategic rent increases and the opportunity to add an on-site laundry facility to further enhance NOI. Tenants are individually metered for electricity, public water is in place, and a long-term tenant base provides consistent stability.
Recent capital improvements include updated roof (2023), ...
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1945
HOA Fees
-
Finished Area
- sqft
Lot Size
0.39 acre lot
Basement Area
- sqft
MLS Name
Houston Association of Realtors
MLS Number
55581660
MLS Status
Active
Days on Market
115
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