Fully Leased 12-Unit
For Sale
Contact for pricing
424 7th Ave N, Texas City, TX 77590
Fully leased 12-unit property with a mix of efficiency, one-bedroom, and two-bedroom apartments.
Property Size4,300 SF
Lot Size0.29 Acres
Days on Market122
Property Features for 424 7th Ave N
General Information
Standard status
Active
Size
4,300 SF
Lot size
0.29 Acres
Property subtype
Multifamily
Occupancy
100%
Financials
Cap Rate
7%
Opportunity Zone
Yes
Additional Details
Utilities to Site
Yes
Multifamily Units
12
Building Details
Year Built
1965
Listing Agency:
KW Commercial Stratton Group
Listed By:
Pete Peterson · License #AZ BR546838000
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 5:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial Stratton Group
Investment Insights
Based on property information with market context.
This fully leased 12-unit apartment project includes 9 efficiency studio units, 2 one-bedroom units, and 1 two-bedroom unit. The building was built in 1963–1965 and totals 4,300 square feet on 0.29 acres.
All city services are available, with water/sewer, electric, and gas described as master-metered. The property’s utilities are included in the rent.
Income and unit mix information provided indicates the property generated 2019 income and a 2020 pro forma income, with the offering referencing cap rate metrics tied to that performance.
All city services are available, with water/sewer, electric, and gas described as master-metered. The property’s utilities are included in the rent.
Income and unit mix information provided indicates the property generated 2019 income and a 2020 pro forma income, with the offering referencing cap rate metrics tied to that performance.
Key Highlights
- Fully‑leased 12‑unit project on 0.29 acres with 4,300 SF building
- Unit mix: 9 efficiency studios ($542/mo.), 2 one‑bedroom units ($668/mo.), and 1 two‑bedroom unit ($725/mo.)
- 2019 income shows a 7% cap rate; 2020 proforma income shows a 6.91% cap rate
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
612
Businesses Nearby
Explore this area
Business Placement
Demographics for 77590, TX
30,758
Population
14,419
Households
2.1
Avg Household Size
38
Median Age
16%
College-Educated
84%
High-School Grad
25.2 sq mi
ZIP Area
1,221
Density / Sq Mi
$63,274
Median Household Income
$36,993
Median Earnings
$1,179
Median Rent
$168,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased 12-unit property with a mix of efficiency, one-bedroom, and two-bedroom apartments.
Where is this apartment building located?
The property is located at 424 7th Ave N Texas City, TX.
What are key features of this property?
This property features: Fully‑leased 12‑unit project on 0.29 acres with 4,300 SF building; Unit mix: 9 efficiency studios ($542/mo.), 2 one‑bedroom units ($668/mo.), and 1 two‑bedroom unit ($725/mo.); 2019 income shows a 7% cap rate; 2020 proforma income shows a 6.91% cap rate
