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🏢 Just listed — Student Housing Multifamily for sale in ALVIN, TX.

📍 211 N BATES ST, ALVIN, TX
🏷  Student Housing Multifamily · For Sale
💰 $4.75M
📈 6.97% cap

MULTIFAMILY INVESTMENT PORTFOLIO

<p>3 Apartment Buildings/1 Single Family Residence</p><p>95% Average Occupancy Rate</p><p>Numerous Long Term Tenants</p><p>75% of the units have been updated in the last 2 years</p>

Full financials, photos, and broker contact:
https://commrty.com/property/texas/alvin/multifamily-investment-portfolio-2550869-for-sale?utm_source=linkedin&utm_medium=share&utm_campaign=pdp&utm_content=multifamily-investment-portfolio-2550869

#ALVIN #Multifamily #CommercialRealEstate #CRE #Investment

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Home/TX/ALVIN

211 N BATES ST

ALVIN, TX 77511

Asking Price

$4.75M

Cap Rate

6.97%

Asset Type

Student Housing Multifamily

Class

Class B

What's Special

MULTIFAMILY INVESTMENT PORTFOLIO 3 Apartment Buildings/1 Single Family Residence95% Average Occupancy RateNumerous Long Term Tenants75% of the units have been updated in the last 2 years

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Purchase Price ($)

Down Payment (%)Interest Rate (%)

Amortization (years)Annual Gross Income ($)Annual Expenses ($)

NOI

$80,000

Cap Rate

1.68%

DSCR

0.28

Underwater

Cash-on-Cash

-14.18%

Monthly Payment

$23,500.408

Annual Cash Flow

$-202,004.9

Location & Travel Times

Similar Properties Nearby

6.81% CAP

📍

$1.65M

Class B | Apartment Building

601 E Coombs St, Alvin, TX 77511

Listed by Owner · For Sale