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Mallard Apts 4725 Mallard St 4 Unit Apartment Building £288,222 (£72,055/Unit) Hitchcock, TX 77563

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INVESTMENT HIGHLIGHTS

Newly renovated fourplex

EXECUTIVE SUMMARY

Great investment opportunity to purchase a newly renovated 4-plex.

FINANCIAL SUMMARY (PRO FORMA - 2023)	ANNUAL	ANNUAL PER sq ft
Gross Rental Income	£28,452	£12.82
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£28,452	£12.82
Taxes	£3,062	£1.38
Operating Expenses	£8,536	£3.84
Total Expenses	£11,598	£5.22
Net Operating Income	£16,854	£7.59

FINANCIAL SUMMARY (PRO FORMA - 2023)

Gross Rental Income
Annual	£28,452
Annual Per sq ft	£12.82

Other Income
Annual	-
Annual Per sq ft	-

Vacancy Loss
Annual	-
Annual Per sq ft	-

Effective Gross Income
Annual	£28,452
Annual Per sq ft	£12.82

Taxes
Annual	£3,062
Annual Per sq ft	£1.38

Operating Expenses
Annual	£8,536
Annual Per sq ft	£3.84

Total Expenses
Annual	£11,598
Annual Per sq ft	£5.22

Net Operating Income
Annual	£16,854
Annual Per sq ft	£7.59

PROPERTY FACTS

Price	£288,222	Costar Property Class	C
Price Per Unit	£72,055	Total Plot Size	0.35 ac
Sale Type	Investment	Property Size	2,220 sq ft
No. Units	4	No. Floors	2
Property Type	Build-to-Rent	Year Built	1963
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£288,222
Price Per Unit	£72,055
Sale Type	Investment
No. Units	4
Property Type	Build-to-Rent
Property Subtype	Apartment
Costar Property Class	C
Total Plot Size	0.35 ac
Property Size	2,220 sq ft
No. Floors	2
Year Built	1963
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.