Multifamily Property with Furnished
For Sale
Contact for pricing
Pending
202 Cole St, Webster, TX 77598
Partially furnished short-term model includes four units, with on-site laundry and recent interior and exterior upgrades.
Days on Market111
Property Features for 202 Cole St
General Information
Standard status
Pending
Property subtype
Multifamily
Listing Agency:
Waller Group Homes
(214) 818-4109
Listed By:
Logan Waller · License #TX 0479147
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 29 at 12:20PM
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 Waller Group Homes
Investment Insights
Based on property information with market context.
This multifamily property is offered for sale in Webster, TX and is currently 96.9% occupied. The ownership has invested $123,965 in capex to both interior and exterior areas, including upgrades to the first four units with appliances, refrigerators, flooring, HVAC, light fixtures, plumbing, and resurfacing. Exterior improvements include facade repairs, paint, signage, concrete walkways, parking lot repairs, roof repairs, trim and gutters, second-floor walkways, landing/handrails, carport repair, and a recently replaced hot water heater. All breaker boxes have been updated to GE, and there is one gas water boiler providing hot water to the units. Tenants have access to an on-site laundry room operated through a digital card system, with laundry machines not owned by the property.
The complex is described as being at the end of a cul-de-sac in a residential neighborhood. Current ownership is managed by Creative Property Management.
The remarks note that four units are run as a fully furnished Airbnb/short-term lease model. Financials shared in the offering state annual NOI of $191,685, with proforma potential to raise rents based on area rent comps.
The complex is described as being at the end of a cul-de-sac in a residential neighborhood. Current ownership is managed by Creative Property Management.
The remarks note that four units are run as a fully furnished Airbnb/short-term lease model. Financials shared in the offering state annual NOI of $191,685, with proforma potential to raise rents based on area rent comps.
Key Highlights
- 96.9% occupied Webster, TX multifamily property in a residential neighborhood at the end of a cul‑de‑sac
- Assumable loan with a current balance of $1,627,334.67; 5.15% interest rate; no I/O remaining; term ends March 1, 2029
- Ownership capex of $123,965 includes exterior repairs (facade, paint, signage, parking lot, roof, trim/gutters, walkways/handrails, carport, hot water heater) and interior upgrades to first 4 units
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,966
Businesses Nearby
Explore this area
Business Placement
Demographics for 77598, TX
25,620
Population
13,337
Households
1.9
Avg Household Size
32
Median Age
30%
College-Educated
91%
High-School Grad
12.2 sq mi
ZIP Area
2,100
Density / Sq Mi
$59,758
Median Household Income
$45,190
Median Earnings
$1,279
Median Rent
$228,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Partially furnished short-term model includes four units, with on-site laundry and recent interior and exterior upgrades.
Where is this multifamily property located?
The property is located at 202 Cole St Webster, TX.
What are key features of this property?
This property features: 96.9% occupied Webster, TX multifamily property in a residential neighborhood at the end of a cul‑de‑sac; Assumable loan with a current balance of $1,627,334.67; 5.15% interest rate; no I/O remaining; term ends March 1, 2029; Ownership capex of $123,965 includes exterior repairs (facade, paint, signage, parking lot, roof, trim/gutters, walkways/handrails, carport, hot water heater) and interior upgrades to first 4 units
