Current Use by Public Records
- Residential income homes
Property Details for 1307 Alamo St
- Year built
- 2025
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a portfolio of ten newly constructed duplexes in Brenham, Texas. Completed in late 2024 and early 2025, this Class A multifamily property boasts a total of 10,856 square feet across five buildings situated on approximately 4,800 to 6,000 square feet of land. The property features a mix of 2/2 and 3/2.5 unit layouts, strategically located in a central Brenham location. Currently, 40% occupancy translates to a strong net operating income (NOI) of $172,000, yielding an impressive 8% capitalization rate. The R-2 zoning allows for flexibility and future potential. With a projected gross annual income of $214,800, this portfolio offers a compelling return on investment in a market with limited new construction rental inventory. The property's five pads provide ample space and parking. This stabilized investment is ideal for those seeking immediate cash flow and long-term appreciation in a thriving Texas market. The asking price is $2,150,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brenham
- County
- Washington
- State
- Texas
- Longitude
- -96.386
- Latitude
- 30.1692
