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1914 Larrabee St, Unit 1-12 Seabrook, TX 77586

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For Sale
$1,067,410

Well-maintained 12-unit apartment complex in Seabrook, Texas.

Lot size:
0.45 Acres

Property Features for 1914 Larrabee St

General Information

Standard status
Active
Lot size
0.45 Acres

Building Details

Year built
1963

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Listing Contact
Krystyna Fennelly
Source: Elliman

Listing Agent: Krystyna Fennelly

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

Seabrook Multifamily Investment Opportunity

Located in the lakefront community of Seabrook, this well-maintained 12-unit apartment complex offers a strong investment opportunity. The property features a mix of four 2-bedroom, 1-bathroom units and eight 1-bedroom, 1-bathroom units. The 2-bedroom units include private, fenced backyards. Each unit is equipped with energy-efficient double-pane windows, updated water heaters, and PEX plumbing, as well as 1 covered parking space per unit. Ten of the units have had their HVAC systems replaced within the last 4 years. The complex includes an onsite laundry facility with 2 coin-operated washers and dryers. The 3 year (2022-2024) NOI average is approximately $64,000, with potential to turn into vacation rentals. The property is within walking distance to Clear Lake, watercraft rentals, waterfront restaurants, and nightlife.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Seabrook
County
Harris
State
Texas
Longitude
-95.0355599
Latitude
29.5610556

FAQs

What type of property is this?
Apartment building - Well-maintained 12-unit apartment complex in Seabrook, Texas.
Where is this apartment building located?
The property is located at 1914 Larrabee St, Unit 1-12 Seabrook, TX.
What is the asking price?
The asking price for this property is $1,067,410.
What are key features of this property?
This property features: - Strong investment opportunity in the highly sought-after lakefront community of Seabrook.; - Proven income stream with a 3-year (2022-2024) NOI average of approximately $64k.; - Significant upside potential to convert into vacation rentals.
More about this property
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