101 Water StVictoria, TX 77901

For Sale
$259,885

High-yield, renovated duplex in prime location.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional Class A multifamily investment property, located at 101 W Water St, Victoria, TX 77901, presents a compelling opportunity. The property consists of a newly renovated duplex featuring two units, each boasting three bedrooms and one bathroom. Built in 1950, this single-story duplex sits on a 0.288-acre lot. The asking price is $259,885, representing a price per unit of $129,942.50. The property enjoys a strong 7.72% cap rate, generating a net operating income (NOI) of $20,068. Recent upgrades include fresh paint, new flooring, and modern amenities, ensuring high tenant occupancy and rental income. Its central location in Victoria, Texas, offers convenient access to downtown amenities and attractions. This turnkey investment is ideal for both seasoned and first-time investors seeking a stable and profitable addition to their portfolio. The property's strong cash flow and prime location make it a truly exceptional investment opportunity. Don't miss out on this chance to acquire a high-performing asset in a thriving Texas market.

Highlights

  • $259,885 asking price for a Class A multifamily investment property.
  • 7.72% cap rate with a $20,068 net operating income (NOI).
  • Two-unit duplex located in Victoria, TX, at 101 W Water St.
  • Each unit features 3 bedrooms and 1 bathroom.
  • Property sits on a 0.288-acre lot, built in 1950.

Property Details for 101 Water St

Property type
Multifamily properties, Residential income homes
Class
A
Year Built
1950
Stories
1
Lot Size (sq. ft)
12,545 SF
Units
2

Location Insight

City
Victoria
County
Victoria
State
Texas
Latitude
28.792793363787
Longitude
-97.008817952349
101 Water St, Victoria, Texas

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101 Water St
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