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Income Building in Place + Land for Twin Stru 403 E Broad St 8 Room Serviced Apartment Freeport, TX 77541 $1,378,314 CAD ($172,289 CAD/Room) 7.31% Cap Rate
Executive Summary
403 W Broad St, Freeport, TX 7754
is an income-producing, low-rise multifamily asset offering immediate cash flow and clear, near-term upside through development. The existing 8-unit
property (6 long-term leases; 2 short-term rentals) is turnkey today and sits on a ~0.482-acre lot with room to add a twin building and additional units.
The planned twin building (˜7,168 SF) would double rentable area to ~14,336 SF and increase total units to 16, delivering meaningful NOI growth and
long-term value creation.
is an income-producing, low-rise multifamily asset offering immediate cash flow and clear, near-term upside through development. The existing 8-unit
property (6 long-term leases; 2 short-term rentals) is turnkey today and sits on a ~0.482-acre lot with room to add a twin building and additional units.
The planned twin building (˜7,168 SF) would double rentable area to ~14,336 SF and increase total units to 16, delivering meaningful NOI growth and
long-term value creation.
Property Facts
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 8 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 4200-0206-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $29,090 CAD | Total Assessment | $29,090 CAD |
Property Taxes
Parcel Number
4200-0206-000
Land Assessment
$29,090 CAD
Improvements Assessment
$0 CAD
Total Assessment
$29,090 CAD
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Income Building in Place + Land for Twin Stru | 403 E Broad St
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