932 7th Avenue North Texas City, TX 77590

Building Details

Year Built

1970

Listing office KW Commercial Houston r***@kwcommercial.com Show Phone

Listing date Oct 26, 2024

Source Realnex

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Investment Insights

Based on property information with market context.

This multifamily property, located at 932 7th Ave N in Texas City, TX, features 14 well-maintained units. Constructed in 1970, the property is situated near major petrochemical employers, meeting high tenant demand in Texas City. The infrastructure includes copper electrical wiring and three 60-gallon water heaters. A recently renovated onsite laundry facility generates an additional $75-$100 monthly revenue. Opportunities exist to enhance revenue potential by aligning rents with market rates. The property features 10 existing carports, with potential to introduce premium reserved parking at $25 monthly, generating an estimated $3,000 annually. Additional income can be generated by offering in-unit washer and dryer rentals at $50 per set and implementing a $35 monthly utility billback program.

Key Highlights

• 14 well‑maintained units in Texas City, TX, meeting high tenant demand.
• Opportunity to increase revenue by aligning rents with market rates.
• Existing carports offer potential for additional income through premium reserved parking.

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FAQs

What type of property is this?

Apartment building - Multifamily property with 14 units and revenue growth potential.

Where is this apartment building located?

The property is located at 932 7th Avenue North Texas City, TX.

What is the asking price?

The asking price for this property is $880,000.

What are key features of this property?

This property features: 14 well‑maintained units in Texas City, TX, meeting high tenant demand.; Opportunity to increase revenue by aligning rents with market rates.; Existing carports offer potential for additional income through premium reserved parking.