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    101 Water St Victoria, TX 77901

    Sponsored
    For Sale
    $259,885

    High-yield, renovated duplex in prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional Class A multifamily investment property, located at 101 W Water St, Victoria, TX 77901, presents a compelling opportunity. The property consists of a newly renovated duplex featuring two units, each boasting three bedrooms and one bathroom. Built in 1950, this single-story duplex sits on a 0.288-acre lot. The asking price is $259,885, representing a price per unit of $129,942.50. The property enjoys a strong 7.72% cap rate, generating a net operating income (NOI) of $20,068. Recent upgrades include fresh paint, new flooring, and modern amenities, ensuring high tenant occupancy and rental income. Its central location in Victoria, Texas, offers convenient access to downtown amenities and attractions. This turnkey investment is ideal for both seasoned and first-time investors seeking a stable and profitable addition to their portfolio. The property's strong cash flow and prime location make it a truly exceptional investment opportunity. Don't miss out on this chance to acquire a high-performing asset in a thriving Texas market.

    Property Features for 101 Water St

    General Information

    Property type
    Multifamily properties
    Class
    A
    Lot Size
    12,545 SF

    Building Details

    Year Built
    1950
    Stories
    1
    Units
    2

    HighLights

    • $259,885 asking price for a Class A multifamily investment property.
    • 7.72% cap rate with a $20,068 net operating income (NOI).
    • Two‑unit duplex located in Victoria, TX, at 101 W Water St.
    • Each unit features 3 bedrooms and 1 bathroom.
    • Property sits on a 0.288‑acre lot, built in 1950.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Victoria
    County
    Victoria
    State
    Texas
    Longitude
    -97.008817952349
    Latitude
    28.792793363787

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    FAQs

    What type of property is this?
    Multifamily property - High-yield, renovated duplex in prime location.
    Where is this multifamily property located?
    The property is located at 101 Water St Victoria, TX.
    What is the asking price?
    The asking price for this property is $259,885.
    What are key features of this property?
    This property features: $259,885 asking price for a Class A multifamily investment property.; 7.72% cap rate with a $20,068 net operating income (NOI).; Two-unit duplex located in Victoria, TX, at 101 W Water St.
    (361) 333-2002
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    Victoria, TX 77901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    101 Water St Victoria, TX 77901
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