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Mallard Apts 4725 Mallard St 4 Unit Apartment Building $538,730 CAD ($134,682 CAD/Unit) Hitchcock, TX 77563

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INVESTMENT HIGHLIGHTS

Newly renovated fourplex

EXECUTIVE SUMMARY

Great investment opportunity to purchase a newly renovated 4-plex.

FINANCIAL SUMMARY (PRO FORMA - 2023)	ANNUAL (CAD)	ANNUAL PER SF (CAD)
Gross Rental Income	$53,181	$23.96
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$53,181	$23.96
Taxes	$5,724	$2.58
Operating Expenses	$15,954	$7.19
Total Expenses	$21,678	$9.76
Net Operating Income	$31,503	$14.19

FINANCIAL SUMMARY (PRO FORMA - 2023)

Gross Rental Income (CAD)
Annual	$53,181
Annual Per SF	$23.96

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	-
Annual Per SF	-

Effective Gross Income (CAD)
Annual	$53,181
Annual Per SF	$23.96

Taxes (CAD)
Annual	$5,724
Annual Per SF	$2.58

Operating Expenses (CAD)
Annual	$15,954
Annual Per SF	$7.19

Total Expenses (CAD)
Annual	$21,678
Annual Per SF	$9.76

Net Operating Income (CAD)
Annual	$31,503
Annual Per SF	$14.19

PROPERTY FACTS

Price	$538,730 CAD	Building Class	C
Price Per Unit	$134,682 CAD	Lot Size	0.35 AC
Sale Type	Investment	Building Size	2,220 SF
No. Units	4	No. Stories	2
Property Type	Multifamily	Year Built	1963
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$538,730 CAD
Price Per Unit	$134,682 CAD
Sale Type	Investment
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment
Building Class	C
Lot Size	0.35 AC
Building Size	2,220 SF
No. Stories	2
Year Built	1963
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.