TX > Sour Lake > Electric Add
Sour Lake, TX 77659,555 HWY 326
Sour Lake, TX 77659,555 HWY 326
Sour Lake, TX 77659,555 HWY 326
Sour Lake, TX 77659,555 HWY 326
Sour Lake, TX 77659,555 HWY 326
Sour Lake, TX 77659,555 HWY 326
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Ali Smith

Ali Smith

+1(281) 701-5596
$ 1,490,000
Est. payment | /mo

3 Beds

2 Baths

10,592 SqFt

Save
$ 1,490,000
Est. payment | /mo
Save

3 Beds

2 Baths

10,592 SqFt

Key Details

Property Type Multi-Family

Sub Type 5 Plus

Listing Status Active

Purchase Type For Sale

Square Footage 10,592 sqft

Price per Sqft $140

Subdivision Electric Add

MLS Listing ID 62460080

Bedrooms 3

Full Baths 2

Year Built 2022

Annual Tax Amount $21,997

Tax Year 2024

Property Description

Incredible investment opportunity with great cap rate in this FULLY OCCUPIED 8 unit complex! Only 2 years young in Hardin-Jefferson School District. Currently generating $12,400/month gross income. (that's almost $150,000 income per year!) Tenants cover their own utility payments. Each unit is identical: 1,324 sq ft, 3 bedrooms, 2 ½ bathroom, 1 car garage plus driveway parking for 2 more, primary suites have fully tiled shower/walk in closet/double sink vanity, has their own water and electric meters, comes with laundry appliances(washer & dryer), stainless kitchen appliances, granite countertops, kitchen island, and covered back patio. Just minutes to Hardin Jefferson school. Tax and insurance costs on file to calculate your return on investment. Because this property is only 2 years old, your maintenance costs will be little to none!

Location

State TX

County Hardin

Interior

Heating Central Electric

Cooling Central Electric

Flooring Vinyl

Exterior

Roof Type Composition

Building

Lot Description Corner

Faces West

Story 2

Structure Type Brick,Cement Board,Stone

New Construction No

Schools

Elementary Schools Sour Lake Elementary School

Middle Schools Henderson Middle School (Hardin Jefferson)

High Schools Hardin-Jefferson High School

School District 163 - Hardin-Jefferson

Others

Senior Community No

Restrictions Other

Tax ID 006900-008950

Energy Description Ceiling Fans

Acceptable Financing Cash Sale, Conventional

Tax Rate 1.9996

Disclosures Sellers Disclosure, Tenant Occupied

Listing Terms Cash Sale, Conventional

Financing Cash Sale,Conventional

Special Listing Condition Sellers Disclosure, Tenant Occupied

Houston Association of Realtors (HAR MLS)
Listed by RE/MAX ONE • John Arcana

Learn More About LPT Realty

Ali Smith

Agent | License ID: 794604

+1(281) 701-5596

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555 HWY 326