14 Units- Tara Apartments — Sale in Texas City, TX

  • Price: $880K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Texas City, TX 77590
  • Year built: 1970

Investment Figures

Cap rate
6.02%
Price per unit
$62,857 across 14 units

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

KW Commercial Texas Gulf is pleased to present this multi-family property at 932 7th Ave N, Texas City, TX , featuring 14 well-maintained units . Built in 1970, the property includes a recently renovated onsite laundry facility, which generates an additional $75-$100 monthly revenue. Situated near some of Texas’s largest petrochemical employers, this property is ideally located to meet high tenant demand in Texas City. The infrastructure includes durable copper electrical wiring and three 60-gallon water heaters, providing stable and efficient utility support. Investment Highlights: Enhance revenue potential by implementing value-add strategies, including aligning rents with market rates. Leverage 10 existing carports by introducing premium reserved parking at $25 monthly, generating an estimated $3,000 annually. Offer in-unit washer and dryer rentals at $50 per set. Implement a $35 monthly utility billback program to increase recurring income. With solid income potential, attractive amenities, and opportunities for revenue growth, 932 7th Ave N represents an excellent prospect for both immediate returns and long-term appreciation. Land Size: 0.29 Ac | Year Built: 1970 | Listing Type: FOR SALE

Market Context

This multifamily in Texas City, TX is listed for sale at $880,000. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing multifamily assets. The building dates to 1970. It has been on the market for 70 days. Compare it against other multifamily listings for sale in Texas City, TX — view the full market.

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