$1,700,000
Property | , Kemah, TX 77565
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Why Buy?
Total Entry
$130,000
Rehab
$0
in a highly desirable area!
8 Units
The Numbers
Asking Price
$1,700,000
Total Entry
$130,000
EMD
$10,000
Down Payment
$100,000
Interest Rate
0%
Balloon
5 years
Monthly Payment
$8,000
Welcome to Kemah Kabanas, a turnkey and flourishing business/portfolio. Step in and manage this business from a retiring owner and benefit from great upside. 7 units currently bring in $12,400 per month, with the event and concession area being prepared to take on a tenant at $4,000. The other tenants have already been notified of rent increases as well, with a near future rent roll of approximately $20,000 per month. Monthly expenses are low, at $1800 per month providing a great return on your investment.
Map
Subject Property
Deal summary
Seller-Finance Multi-Family in Kemah, TX 77565 – $1,700,000
3 bed · 2 bath · 1824 sqft · built 1950 · Galveston County
Welcome to Kemah Kabanas, a turnkey and flourishing business/portfolio. Step in and manage this business from a retiring owner and benefit from great upside. 7 units currently bring in $12,400 per month, with the event and concession area being prepared to take on a tenant at $4,000. The other tenants have already been notified of rent increases as well, with a near future rent roll of approximately $20,000 per month. Monthly expenses are low, at $1800 per month providing a great return on your investment.