Contacts
Tim Orscheln
SVN | SFRhub Marketplace
Property Details
- Property Type Multi-Family
- Property Size 6,968 SF
- Units 9
- Lot Size 0.17 Acre
- Additional Rent Contact for pricing
- Year Built 1949
- Date Updated Jul 27, 2024
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Highlights
- 7.2 acres is unimproved with high visibility ready for development
- All homes are single-family detached
- The SFR asset mix consists of five 2-bedroom and four 3-bedroom homes
- Portfolio is self-managed
- Average home size of 774 square feet
- 7.2 acres is perfect for retail, RV park or BFR opportunity
- The average asking price for the homes of $135,000 is well below Hitchcock’s median home sale price of $250k
- Homes are 100% leased to fully vetted tenants minimal deferred maintenance and NEW individual city water lines
- Significant CapEx deployed throughout the Portfolio
- Stabilized Year 1 Net Cap Rate of 7.49%
- Stabilized Year 1 Annual Gross Yield of 11.53%
- All SVN® Offices Are Independently Owned & Operated
- Local Broker License Information: www.SFRhub.com/realestatelicensing
Getting around
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Bike Score ®
Location
- City Hitchcock, TX
- Zip Code 77563
- Market Houston
Points of Interest
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Shell
5.32 miles
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Valero
5.41 miles
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Murphy USA
7.21 miles
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Sam's Club
7.30 miles
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H-E-B Fuel
8.52 miles
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Speedway
8.70 miles
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ChargePoint
8.75 miles
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Chevron
9.03 miles
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Super 8
6.07 miles
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Americas Best Value Inn & Suites-Texas City/La Marque
6.15 miles
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Best Western
7.33 miles
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Comfort Inn & Suites
7.36 miles
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Holiday Inn Express & Suites
7.44 miles
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Quality Inn
7.46 miles
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La Quinta Inn & Suites-Texas City I-45
7.51 miles
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Home2 Suites by Hilton Texas City Houston
7.55 miles
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Comfort Inn & Suites Texas City
8.02 miles
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Americas Best Value Inn
8.33 miles
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SK Quick Mart - Citgo
6.61 miles
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H-E-B
6.93 miles
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Walmart Supercenter
7.07 miles
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Mainland City Centre
7.40 miles
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Kroger
8.43 miles
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ALDI
8.65 miles
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Select Liquidation
8.66 miles
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Seven Seas Market
9.23 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Tim Orscheln
SVN | SFRhub Marketplace