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Property profile & analytics
OFF-MARKET
Small apartment buildings

1902 Dogwood St Penitas, TX 78576

Built 2004
Property ID
US82-7280208
Property summary
AI-generated overview

This exceptional four-unit apartment building presents a compelling investment opportunity in the thriving city of Penitas, Texas. Ideally situated on a corner lot at 1902 Dogwood Street, this property boasts a prime location just off Liberty Boulevard. Built in 2004, the single building encompasses a generous 3,052 square feet of living space, distributed across four units, each featuring two bedrooms and one bathroom. The property sits on a sizable .47-acre lot (20,281.97 square feet), offering ample space and a desirable corner lot location. Each unit is equipped with a refrigerator, stove, and washer/dryer, enhancing tenant appeal. Safety features include smoke detectors. The property is serviced by public city water and features four individual electricity meters and one shared water meter, simplifying utility management. Annual property taxes are $2,371. The zoning code is B1. A chain-link fence surrounds the property. The legal tax description is N6720-02-000-0086-00. This property offers excellent potential for passive income and long-term growth, making it an attractive addition to any investment portfolio. The asking price is $375,000.

Property profile
Verified
Property type Small apartment buildings
Year built 2004
UPID US82-7280208
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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