Get email alerts for new off-market deals — curated drops, no spam.Get deal alerts via email
La Marque, TX 77568
Explore more off-market investment opportunities like this one.
Listed
Home details as listed · verify independently
9-Unit Multifamily Opportunity in La Marque, TX! Fully remodeled property featuring a 6-unit building, duplex, and detached home. All units are individually metered with separate HVAC systems. Two renovated units are currently vacant and ready for lease, providing immediate upside. Current NOI is approximately $65,736 (9.3% cap rate), with projected gross rents of $89,700 annually ($9,100/month) at full occupancy, resulting in a projected 12.8% cap rate. Includes 12 parking spaces and on-site coin laundry. Long-term tenant base with strong cash-flow potential. Reach out for the OM and additional financials.
Commission
Commission Offered
This opportunity in La Marque, TX is offered at an asking price of $700,000 as shown on the card. After repair value (ARV) is shown as about $750,000, which implies a gross spread of roughly 6.7 percent off ARV if you use the list price and this ARV as-is. Treat that as a first-pass screen, not a comp confirmation. The property is described with 2 bedrooms, 1 bathroom, 700 square feet. Tour or pull rent rolls if the asset is occupied so your rehab scope and lease assumptions match the real layout. Rehab is tagged as “cosmetic.” In practice, you should open walls and verify every major system, because tags rarely capture the full story on a wholesale lead. Occupancy is noted as “Occupied.” If anyone is in place, schedule access carefully, align showings with local rules, and underwrite for rental income or a formal vacancy path before you take assignment. The list is marked Multifamily—use that to frame exit math (flip spread, fee for wholesale, or long-term DSCR if the plan is a rental hold). The structure is represented around 1974; older vintages can hide lead, cast iron, and foundation work—budget a contingency. Verified seller contact is available on the listing, which speeds diligence once you are serious. Verify ARV, repair scope, access, and title with your own people before you rely on any line in this write-up. Nothing here is a guarantee of value or condition.
Timeline
Posted · Updated
Strategy: Multifamily