10-Unit Multifamily in La Marque, TX

10 Unit Multifamily Complex for Sale in La Marque, Texas - $750K

Do not let this Great 👍🏽 Value Add Deal go by so please connect with me below to get in on this Fantastic opportunity to build your Multifamily Cash 💵 Flow!!

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10 Unit Multifamily Commercial Complex Opportunity!

(address on request)

Asking Price $750K

We are excited to announce a unique investment opportunity in the real estate sector: an exclusive off-market 10 plex value add now available for sale. As the demand for real estate continues to rise, investing in this portfolio could lead to substantial financial returns. This is a fantastic chance to expand and enhance your investment portfolio with high-potential properties. Don't let this opportunity pass you by; seize the moment to invest in your future. This Multifamily Complex is located primarily in La Marque area of Texas,and is being sold below market value. The seller is motivated to transition into other opportunities and is offering this asset at a discount.The property is currently in good condition, and there are several immediate repairs that must be addressed prior to occupancy. Notably, the kitchen requires attention, specifically regarding the cabinets and countertop, which are essential for both functionality and aesthetics. Additionally, there are drywall repairs needed, highlighting the importance of maintaining a safe and appealing living environment. Furthermore, critical systems such as the electrical infrastructure demand thorough repairs to ensure safety and compliance with standards. Addressing these issues not only enhances the property’s overall value but also creates a welcoming and secure space for future occupants.

Property Condition:

Currently, we find ourselves in a bustling rental landscape, with Apartments 2, 3, 5, and 8 successfully rented out, showcasing the high demand for quality living spaces. Meanwhile, Apartments 6 and 7 are actively being marketed, and it's encouraging to note that we're receiving a steady stream of inquiries—proof that interest is palpable. On the renovation front, Apartments 9 and 10 are undergoing a significant transformation, stripped down to the studs and awaiting a complete overhaul that includes new electrical systems, insulation, drywall, and the installation of modern kitchens, flooring, and trim. Apartment 1 is on the verge of completion, requiring just the finishing touches on the drywall and the installation of the kitchen cabinets, which are already on-site. Lastly, Apartment 4 presents an exciting opportunity for improvement as it requires electrical work, drywall repairs, and the installation of a new kitchen and trim. With these projects underway, we are not just filling vacancies but also enhancing the overall quality and appeal of this property.

Property financials are available once proof of funds is provided!

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