Buy a multi-family propertyat 603 S Virginia Street, Port Lavaca, TX 77979

This 9 unit multi family deal in Port Lavaca, TX. is located near multiple factories and a marina this unit has high demand from local residents with rental potential in excess of $80,000/year and stabilized value of $600,000. The complex consists of 2 buildings the main building has 3 two bedroom units (fully renovated) and 2 one bedroom units (1 of these is fully renovated) plus a separate building with 4 studio apartments. Roof is 6 years old. Five of the units will need to be renovated to complete and realize full stabilized value on the deal. Expected repairs for the remaining 5 units to maximize value to be $60,000 and there is a local general contractor with bid ready to go. Contact agent for information. The five unit building will be shared utilities but you can split utilities in the 4 unit building.