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Income Building in Place + Land for Twin Stru 403 W Broad St 8 Unit Apartment Building $1,368,523 CAD ($171,065 CAD/Unit) 7.31% Cap Rate Freeport, TX 77541
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
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Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 4200-0638-000 | Improvements Assessment | $811,226 CAD |
| Land Assessment | $111,283 CAD | Total Assessment | $922,510 CAD |
Property Taxes
Parcel Number
4200-0638-000
Land Assessment
$111,283 CAD
Improvements Assessment
$811,226 CAD
Total Assessment
$922,510 CAD
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Income Building in Place + Land for Twin Stru | 403 W Broad St
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