555 HWY 326 Active Save Request In-Person Tour Request Virtual Tour
Sour Lake,TX 77659
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