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MARINER APARTMENTS: 16 MULTI-FAMILY UNITS, 1101 E Main, League City, TX

$2,149,500

1101 East Main Street, League City, TX 77573

Active
Last Updated: 04/29/2025

5.12

Cap Rate

13,890 sqft

Building Size

Details:
Cap Rate:    5.12%
Building Size:    13,890 sqft
Lot Area:    1 acres
Units:    16
Occupancy:    100%
Year Built:    1971
Zoning:    MLT FAM DWLG
Floors:    2
Parking Spots:    25
Description:

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, Southeast Medical Center. 


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.



16-Units that are individually metered
Room for expansion, 1-Acre lot
Separate Laundry Room, Coin-Operated W/D
Desirable Unit Mix: (10)2BR/1BA, (6)1BR/1BA
Close to NASA Space Center, Webster, Southeast Medical Center
Popular area for boating, fishing, golf, and walking trails
Upside in Rental Income (below market currently)

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