1026 Miles St, Rosenberg, TX 77471
- $840,000
- List Price
- $840,000
- Status
- ACTIVE
- MLS#
- 55581660
- Price Change
- ▼ $50,000 1777686043
- Days on Market
- 158
- Year Built
- 1945
- Lot Size
- 16,800
- Lot Size Source
- Appraiser
- Subdivision
- First Fair Add
- Region
- 30
- Market Area
- Fort Bend South/Richmond
- County
- Fort Bend
Property Description
Investors welcome to 1026 & 1016 Miles St – 11-Unit Multifamily Opportunity in Rosenberg, TX. This stabilized, cash-flowing 11-unit asset generating $94,800 in annual gross income with approximately $16,812 in expenses, resulting in a strong $77,988 NOI. Offered at $890,000, this equates to an attractive 8.48% cap rate and $80,909 per door. High-occupancy property with room for strategic rent increases and the opportunity to add an on-site laundry facility to further enhance NOI. Tenants are individually metered for electricity, public water is in place, and a long-term tenant base provides consistent stability. Recent capital improvements include updated roof (2023), all water heaters replaced (2023), PEX plumbing installed in 1026 (Building 1), and five units remodeled between 2022–2023. A performing asset delivering immediate cash flow with clear upside potential.
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Additional Information
- Finance Available
- Cash, Conventional, FHA, Owner May Carry
- Taxes
- $3,612
- Neighborhood
- Fort Bend South/Richmond
- Heating
- Central, Natural Gas
- Cooling
- Window/Wall
- Stories
- 1
- Utilities
- Electricity Available, Natural Gas Available, Water Available
- Appliances
- Microwave, Refrigerator
- Roof
- Composition
- School District
- Lamar Consolidated
- Elementary School
- Travis Elementary School (Lamar)
- Middle School
- George Junior High School
- High School
- Terry High School
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Listing courtesy of White House Global Properties.