Mariner Apartment Complex: 16-Units

Listing Summary

Mariner Apartment Complex: 16-Units (10) 2BR/1BA, (6)1BR/1BA, Laundry Room Facility with Coin-Operated W/D's, & room for expansion on this 1-Acre lot in League City, TX.

Full Description

Turn-Key 16-Unit Multi-Family Investment with Upside – League City, TX

The Mariner Apartment Complex presents a compelling opportunity to acquire a stabilized, income-producing, 16-unit multi-family property situated on a generous 1-acre lot in sought-after League City, TX. This investment offers immediate cash flow with significant potential for maximizing returns.

Property Features & Income Upside:

• Desirable Unit Mix: The complex features an attractive configuration of (10) spacious 2-bedroom/1-bath units and (6) 1-bedroom/1-bath units.

• Recent Improvements: The property has undergone recent updates, including refreshed units, new leases, updated A/C units, plumbing, and paint, minimizing immediate capital expenditure.

• Ancillary Income: Includes an on-site laundry room facility with coin-operated washer/dryers.

• Expansion Potential: The large 1-acre lot offers room for potential future expansion.

• Investment Upside: Rents are currently below market rate, providing a clear path for new ownership to increase rental income and boost the property's Net Operating Income (NOI).

• Convenience: All units are separately metered, and the property features ample, multi-area parking (25+ spaces).

Prime League City Location: Located southeast of downtown Houston, the complex benefits from high demand driven by proximity to major employers like the NASA Space Center and the Southeast Medical Center. Residents enjoy access to major retail (Walmart, Target, Home Depot), the League City Historic District, and recreational amenities popular among boating and fishing enthusiasts in Clear Lake and Galveston Bay. The property is conveniently close to I-45, connecting it to Webster, Friendswood, and Galveston Beach (30 minutes south).

Complete Details

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