1026 MILES STREET, ROSENBERG, TX 77471
Homes for sale in Rosenberg.
Homes for sale in 77471.
1026 Miles Street
Rosenberg, TX 77471
List Price$920,000
Listing #55581660
11
Number of Units
Multi-Unit Residential
Type
About This Property
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 $920,000, this equates to an attractive 8.48% cap rate and $83,636 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.
Property Features
Location Information
County
Fort Bend
Longitude
-95.78882
MLS Area
Fort Bend South/Richmond
Subdivision
First Fair Add
Latitude
29.558742
Directions
If you are coming from I-69/US-59 toward Rosenberg, take the exit for FM 762 and head north. Continue on FM 762, then turn left onto FM 1640. Follow FM 1640 until you reach Miles Street and turn right. Proceed down Miles Street, and 1026 Miles St will be on your left-hand side.
Interior Features
Total Number of Units
11
Exterior Features
Stories
1
Lot Size in Sq. Ft.
16,800
Is New Construction
No
Is One Story
Yes
Lot Size in Acres
0
School
School District
Lamar Consolidated
Middle School
GEORGE JUNIOR HIGH SCHOOL
Elementary School
TRAVIS ELEMENTARY SCHOOL (LAMAR)
High School
TERRY HIGH SCHOOL
Additional Information
Property Type
RI
Year Built
1945
Property SubType
Multi Family
Status
Active
Similar Listings
Mortgage Calculator
$4,295
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$3,315
Monthly Tax
$766
Monthly Insurance
$214
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
Real Estate IDX Powered by iHomefinder