101 Water St Victoria, TX 77901
- Retail space
- 712 SF
- 0.22 lot acres
Current Use by Public Records
- Retail space
Property Details for 101 Water St
- Year built
- 1950
- Construction
- FRAME
- Lot size
- 0.22 lot acres
- Property size
- 712 SF
- Property type
- Retail space
- APN
- 54800-121-00301
- APU
- 5480012100301
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Victoria
- County
- Victoria
- State
- Texas
- Longitude
- -97.0086
- Latitude
- 28.7928
- CBSA code
- 47020
- CBSA name
- VICTORIA, TX METROPOLITAN STATISTICAL AREA
