3205 Illinois St
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3205 Illinois St
4 Unit Apartment Building $529,843 CAD ($132,461 CAD/Unit) 5.92% Cap Rate Baytown, TX 77520
INVESTMENT HIGHLIGHTS
- 100% Occupied Fourplex
EXECUTIVE SUMMARY
Exceptional Investment Opportunity in Baytown, TX. Presenting a fully occupied fourplex offering unparalleled stability and strong rental income potential. Don't miss out on this rare opportunity to acquire a fully occupied fourplex in Baytown located just minutes away from the EXXON-Mobil plant. Whether you're a seasoned investor or looking to enter the real estate market, this property promises steady returns and long-term growth potential. Schedule a showing today!!
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$48,492
|
$19.81
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$48,492
|
$19.81
|
| Taxes |
$4,646
|
$1.90
|
| Operating Expenses |
$7,622
|
$3.11
|
| Total Expenses |
$12,267
|
$5.01
|
| Net Operating Income |
$36,224
|
$14.80
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $48,492 |
| Annual Per SF | $19.81 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $48,492 |
| Annual Per SF | $19.81 |
| Taxes (CAD) | |
|---|---|
| Annual | $4,646 |
| Annual Per SF | $1.90 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $7,622 |
| Annual Per SF | $3.11 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $12,267 |
| Annual Per SF | $5.01 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $36,224 |
| Annual Per SF | $14.80 |
PROPERTY FACTS
| Price | $529,843 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $132,461 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.92% | Building Size | 2,448 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1928/2020 |
| Price | $529,843 CAD |
| Price Per Unit | $132,461 CAD |
| Sale Type | Investment |
| Cap Rate | 5.92% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,448 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1928/2020 |
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,005 CAD | 600 |
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PROPERTY TAXES
| Parcel Number | 0591020000007 | Total Assessment | $198,505 CAD (2023) |
| Land Assessment | $23,047 CAD (2023) | Annual Taxes | $4,646 CAD ($1.90 CAD/SF) |
| Improvements Assessment | $175,458 CAD (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0591020000007
Land Assessment
$23,047 CAD (2023)
Improvements Assessment
$175,458 CAD (2023)
Total Assessment
$198,505 CAD (2023)
Annual Taxes
$4,646 CAD ($1.90 CAD/SF)
Tax Year
2024
ZONING
| Zoning Code | Multifamily (Multifamily) |
| Multifamily (Multifamily) |
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3205 Illinois St
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