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$1,560,000

NAL Estimated Property Value

1101 E Main St, League City, TX, 77573

Off MarketInfo
CommercialInfo
Beds26 Beds
Baths16 Bath
Baths13,890 Sq Ft
Multi FamilyMulti Family
price_per_sqft$143.63 / sqft
Year BuiltBuilt in 1971

Highlights

Interior

Bedrooms 26Bedrooms 26
Bathrooms Full 16Bathrooms Full 16
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size1 acre

Building Information

Year Built1971
Stories2
Roof Type105
Garage Spaces4

Land Information

APN4602-0000-0002-002
Lot Number2
SubdivisionLeague City Div B
Land UseResidential
Legal DescriptionABST 3 S F AUSTIN SUR PT OF LOT 2 (2-2) DIV B LEAGUE CITY
Census Tract721301
Assessed Land Value$437,250
Assessed Improvement Value$1,130,650
Assessment Year2025

About this property

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. Lots of shade & trees, 25+ parking spaces, front, middle, and rear parking areas. Recent improvements include updated Units, new leases, AC Units, Plumbing, Paint, etc. Separately metered. Upside in Rental Income (below market currently). Located Southeast of downtown Houston, TX, this property is near the League City Historic District & not far from NASA Space Center & the Southeast Medical Center. Popular area for fishing & boating enthusiasts in Clear Lake & Galveston Bay, 30-minutes south to Galveston Beach. South Shore Harbour Country Club & Yacht Club, Clear Lake Shores, Kemah, Webster, Friendswood. Close to I-45, major retailers including Wal-Mart Supercenter, Home Depot, Target, Lowe's, restaurants, parks, schools, etc.

Investor Tools

Property Icon
$1,560,000
Estimated Property Value
$1,075,471Estimated Mortgage Balance
$484,529Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,970 /month
Positive
Cash Flow Estimate:
$3,990 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,411/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,133
$1,560,000
2025
$437,250
$1,130,650
$1,567,900
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,133
$1,560,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Finance Of America Mortgage Llc
Open End Mortgage / Open End With Future Advance Clause
$1,162,500
No
First
May 13, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,075,471
$484,529
31%
69%
$6,970/mo

City: League City

1101 E Main St | Property Details | No Agent List