2322 Central St Dickinson, TX 77539
- Commercial real estate
- 5,970 SF
Current Use by Public Records
- Commercial real estate
Property Details for 2322 Central St
- Year built
- 1970
- Property size
- 5,970 SF
- Property type
- Commercial real estate
- APN
- 239500000081000
Description
This exceptional 8-unit apartment building presents a compelling investment opportunity in Dickinson, Texas. Located at 2322 Central Street, this property boasts a total of 5,970 square feet situated on a 14,000 square foot lot. The building, constructed in 1970 and extensively renovated in 2020, comprises three single-story structures. The unit mix includes five 2-bedroom/1-bathroom units, one 3-bedroom/1-bathroom unit, one 1-bedroom/1-bathroom unit, and one 2-bedroom/1.5-bathroom unit. Currently enjoying 100% occupancy, this property generates a substantial net operating income (NOI) of $74,260, representing an attractive 8.30% cap rate. The asking price is $895,000, translating to $111,875 per unit and $149.92 per square foot. Conveniently located near Highway 3, FM 517, and I-45, this property benefits from excellent access to major transportation routes. The property is zoned CR - Conventional Residential, offering stability and potential for future growth. This is a turnkey investment ready to generate immediate income. Financial records are available upon request.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dickinson
- County
- Galveston
- State
- Texas
- Longitude
- -95.059103692319
- Latitude
- 29.464812448026
