$895,000
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3 Beds
2 Baths
5,400 SqFt
SOLD DATE : 05/31/2022
Key Details
Property Type Multi-Family
Sub Type 5 Plus
Listing Status Sold
Purchase Type For Sale
Square Footage 5,400 sqft
Price per Sqft $155
Subdivision S/D Tr 48
MLS Listing ID 45636835
Sold Date 05/31/22
Bedrooms 3
Full Baths 2
Year Built 1965
Annual Tax Amount $4,089
Tax Year 2021
Lot Size 0.450 Acres
Property Description
Walking Distance to the Beach! This fully furnished 11 unit apartment complex with a beach house for a total of 12 units, has been converted from the Surfside Motel and is a complete rehab, entire building has been re-piped, on city sewer. The property consists of 3-Two Bedroom Units rent for $150/night, 1-One bedroom units rents for $150/night, and 7 Studios with full kitchenettes and baths rent for $125/night. The beach house is a 2 bedroom one and a half bathroom that sleeps eight, with HVAC, separate water & electric meters that's $250/night. Currently all units are almost all 100% booked and full. This property sits on 2 lots. Easy access off Blue Water Highway and surrounded by many restaurants, public beach access, and Surfside Jetty Park with public boat ramp. 9.1% Cap Rate. Already fully occupied with Airbnb residents. Make an offer today!
Location
State TX
County Brazoria
Area Surfside
Interior
Heating Propane
Cooling Window Units
Flooring Tile
Exterior
Waterfront Description Bayou View
Roof Type Composition
Building
Lot Description Cleared, Water View
Story 2
Unit Features Balcony,Patio,Covered Terrace
Structure Type Wood
New Construction No
Schools
Elementary Schools Fleming Elementary School (Brazosport)
Middle Schools Freeport Intermediate School
High Schools Brazosport High School
School District 7 - Brazosport
Others
Senior Community No
Restrictions None
Tax ID 8079-0007-000
Energy Description Ceiling Fans
Acceptable Financing Cash Sale, Conventional, Investor
Tax Rate 2.333
Disclosures Mud, No Disclosures
Listing Terms Cash Sale, Conventional, Investor
Financing Cash Sale,Conventional,Investor
Special Listing Condition Mud, No Disclosures
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Bought with Non-MLS