Boutique Apartment Complex
2680 Avenue J (FM 517) San Leon, Texas
List price $540,000 (Completed)
This Caribbean Cottage style rental complex will be a total of 8 units. Each Unit will have two bedrooms, one bathroom and a full Kitchen, each approximately 800 sq. ft. The entry to the building will be security monitored and access to entry will be approved by Tenants. Each Unit will have 2 designate parking spaces, and a common area deck for residents. Utilities will be made part of monthly rent, but an additional fee to rental income.
125’ frontage on FM 517, See Plat for exact Dimensions
Culvert Entry from State Highway FM 517.
There is a 10’ wide easement through the center of the driveway, designated for the neighboring property to enter and exit their property .
Each Unit will have an approximate income of $1,000 per month, approximately yearly income of $96,000. Based on the income and List price for this Rental Business, it is calculated to have a Return On Investment in less than 6 years!
Monthly Rental Income $8,000 1.5% Return on Investment per month
Yearly Rental Income $96,000 18% Return on Investment per year
Purchase Price $540,000 100%
$96,000 income x 6 years = $576,000 Collected in 6 Years
(Considering full occupancy )