For Sale
$675,000

5623 Fm 2100 Rd Crosby, TX 77532

Historic building, high ROI, 7 units

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional mixed-use property in Crosby, Texas, presents a compelling investment opportunity. Located at 5623 FM 2100, this 5,360 square foot building, constructed in 1926 and renovated in 2010, boasts seven units and is currently 100% occupied, generating a strong net operating income (NOI) of $49,236. The property offers a 7.29% cap rate and is priced at $675,000 ($125.93/sq ft). The building sits on a 2,100 square foot lot and includes 27 parking spaces on adjacent land. The property features a blend of commercial lease spaces and a residential apartment, providing diverse income streams. All units are currently leased under a net lease agreement with no credit rating provided for the tenants. The building's three stories offer ample space, and its 2010 renovation ensures modern amenities, including updated electrical systems, plumbing, and HVAC. This property offers a unique combination of historic charm and modern functionality, making it an attractive investment in a thriving Texas community. The occupancy date is September 5th, 2023.

Highlights

  • $675,000 asking price for a mixed-use, net-lease property.
  • 100% occupancy with two tenants generating $49,236 in NOI.
  • 5,360 square feet on a 2,100 square foot lot, with a price per square foot of $125.93 and a 7.29% cap rate.
  • Seven units in a three-story, 1926 building renovated in 2010, located at 5623 FM 2100, Crosby, TX 77532.
  • 27 parking spaces available.

Property Details for 5623 Fm 2100 Rd

Property type
Mixed-use properties
Square Feet
5,360 SF
Year Built/Renovated
1926/2010
Buildings
1
Stories
3
Units
7

Location Insight

City
Crosby
County
Harris
State
Texas
Latitude
29.909638623916
Longitude
-95.068253500359

FAQs

What type of property is this?
Mixed-use property - Historic building, high ROI, 7 units
Where is the mixed-use property located?
The property is located at 5623 Fm 2100 Rd Crosby, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: $675,000 asking price for a mixed-use, net-lease property.; 100% occupancy with two tenants generating $49,236 in NOI.; 5,360 square feet on a 2,100 square foot lot, with a price per square foot of $125.93 and a 7.29% cap rate.
How can I contact the broker?
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5623 Fm 2100 Rd
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