Value-add
$1,295,000
14-Unit Multifamily in Cleveland, TX
TX · listed Feb 8, 2024 (993 days)
Price per unit compared
This property$93K
Within ~40 mi (156)$91K
Texas median (1,196)$92K
- $/unit
- $92,500
- ▼ 0% vs TX · 50th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 14
- 1970
Financials
- Asking price
- $1,295,000
- Price per unit
- $92,500
- Price per sq ft
- $1,992
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 14
- Unit mix
- Not stated
- Buildings
- Not stated
- Year built
- 1970
- Building size
- 650 sq ft
- Avg unit size
- 46 sq ft
- Lot size
- Not stated
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Feb 8, 2024
- Days on market
- 993 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1460
About this property
14 Units, Trailer, RV Home Park in Cleveland, Texas. 2.96 Acre Park with Pond presents an exceptional investment opportunity. Property has a recently improved Water Well and an Aerobic Septic System that cleans itself. This property is not in a flood zone. Property aims to expand its revenue streams beyond traditional accommodation by adding more rental spaces. This is a great Location of FM 1725, 30 minutes from Casinos, close to Lake Livingston and easy access to Hwy 59 - I-69!
Multi-family
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Cleveland, TXStabilized | $1.2M | $120K$120K | 7% |
 Cleveland, TXNewStabilized | $685K | $57K$57K | — |
 Splendora, TX▼ 19% cutValue-add | $425K | $53K$53K | — |
 Splendora, TXNew | $875K | $125K$125K | — |
 Conroe, TXNew | $865K | $72K$72K | — |
| New Caney, TX New | $200K | $33K$33K | — |