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3205 Illinois St 4 Unit Apartment Building $459,258 CAD ($114,814 CAD/Unit) 6.64% Cap Rate Baytown, TX 77520
INVESTMENT HIGHLIGHTS
- 100% Occupied Fourplex
EXECUTIVE SUMMARY
Exceptional Investment Opportunity in Baytown, TX. Presenting a fourplex with tons of potential, offering unparalleled stability and strong rental income potential. Don't miss out on this rare opportunity to acquire a fourplex in Baytown located just minutes away from the EXXON-Mobil plant. Whether you're a seasoned investor or looking to enter the real estate market, this property promises steady returns and long-term growth potential. Schedule a showing today!!
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$46,903
|
$19.16
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$46,903
|
$19.16
|
| Taxes |
$4,493
|
$1.84
|
| Operating Expenses |
$7,372
|
$3.01
|
| Total Expenses |
$11,865
|
$4.85
|
| Net Operating Income |
$35,038
|
$14.31
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $46,903 |
| Annual Per SF | $19.16 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $46,903 |
| Annual Per SF | $19.16 |
| Taxes (CAD) | |
|---|---|
| Annual | $4,493 |
| Annual Per SF | $1.84 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $7,372 |
| Annual Per SF | $3.01 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $11,865 |
| Annual Per SF | $4.85 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $35,038 |
| Annual Per SF | $14.31 |
PROPERTY FACTS
| Price | $459,258 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $114,814 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 6.64% | Building Size | 2,448 SF |
| No. Units | 4 | Average Occupancy | 25% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1928/2020 |
| Zoning | Multifamily - Multifamily | ||
| Price | $459,258 CAD |
| Price Per Unit | $114,814 CAD |
| Sale Type | Investment |
| Cap Rate | 6.64% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,448 SF |
| Average Occupancy | 25% |
| No. Stories | 2 |
| Year Built/Renovated | 1928/2020 |
| Zoning | Multifamily - Multifamily |
AMENITIES
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $977.14 CAD | 600 |
1 1
PROPERTY TAXES
| Parcel Number | 0591020000007 | Total Assessment | $216,145 CAD (2025) |
| Land Assessment | $45,622 CAD (2025) | Annual Taxes | $4,493 CAD ($1.84 CAD/SF) |
| Improvements Assessment | $170,523 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0591020000007
Land Assessment
$45,622 CAD (2025)
Improvements Assessment
$170,523 CAD (2025)
Total Assessment
$216,145 CAD (2025)
Annual Taxes
$4,493 CAD ($1.84 CAD/SF)
Tax Year
2024
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3205 Illinois St
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