UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision First Fair Add
MLS Listing ID 55581660
HOA Y/N No
Year Built 1945
Annual Tax Amount $3,612
Tax Year 2025
Property Sub-Type Multi Family
Property Description
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.
Location
State TX
County Fort Bend
Area Fort Bend South/Richmond
Interior
Heating Central, Gas
Cooling Window Unit(s)
Flooring Tile
Fireplace No
Appliance Microwave, Refrigerator
Exterior
Utilities Available Electricity Available, Natural Gas Available, Water Available
Roof Type Composition
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Schools
Elementary Schools Travis Elementary School (Lamar)
Middle Schools George Junior High School
High Schools Terry High School
School District 33 - Lamar Consolidated
Others
Tax ID 3025-00-001-0070-901
Acceptable Financing Cash, Conventional, FHA, Owner May Carry
Listing Terms Cash, Conventional, FHA, Owner May Carry
Nearby Locations
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Lone Star Luxe Real Estate LLC
Brokerage | License ID: 9014342
Brokerage License ID: 9014342