4841 Highway 35 N
Rockport, TX 78382
7456 sqft | 16 beds | 8 baths | 1.02 acres | #459319
Description
Exceptionally maintained and updated 8 unit apartment building. All units rented with stable tenants-owner occupies one unit negotiable on leasing back, vacating or leasing prior to closing. Rents recently increased but there is room to increase rents further to keep up with market rates. All AC units have been replaced in the last 4 years. The roof and back awning are rated with WP8 at 160 mph. All windows were replaced with shatterproof glass. Quartz counters, updated cabinets in all units installed in 2018. All units complete with all appliances: built in microwave, refrigerators with ice makers, electric range, dishwasher, and combo washer dryers. Price based on 9.36% cap rate
Property Details
- InteriorOpen Floorplan, Window Treatments, Ceiling Fans
- Utility FeaturesSeptic Available, Water Available
- School DistrictRockportFultonISD
- Middle SchoolRockportFulton
- High SchoolRockportFulton
- Property SubtypeMultiFamily
- Lot DescriptionLandscaped
- SubdivisionGilliland
- Original List Price$850,000
- Exterior MaterialsStorage
- CountyAransas
- Utility SourcePublic
- Elementary SchoolFulton
- Taxes Annual$6,292
- MLS #459319
- Cost850000
- MLS #459319
- Acres1.02
- Square Feet7456
- Year Built1984
- FoundationSlab
- Bedrooms16
- Bathrooms8
- Full Baths8
- Stories2
Location
Legal
Based on information from South Texas MLS, LLC for the period 01/01/2024 through 12/31/2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein 'AS IS' and without any warranty, express or implied. The listing data contained is a copyright of Texas Association of REALTORS® and that reproduction or distribution is not allowed. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Last Updated: . Source: STMLS
Listing Courtesy
Listing Agent: Margaret Jones (#0518862)
Listing Office: AustinSA Real Estate Services (#CC1572)
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