GATEWAY GROVE

Address:
315 N 2ND ST., LA PORTE, TEXAS 77571
Price:

NO OFFICIAL ASKING PRICE

Price / Unit:
N/A
Price / Square Foot:
N/A
Number of Units:
88
Avg Sq. Ft. / Unit:
701
Class:
"C"
Type:
1965 CONSTRUCTED, 2 STORY APARTMENT COMMUNITY
Broker / Agent:

Description:

  1. Nice small multi-family community that is approximately 91% occupied - Conveniently located in the Bay Area, southeast of Houston in the city of La Porte. The area is a stable market area with occupancies consistently above average when compared to the city of Houston. The property is approximately 21 miles southeast of downtown Houston and is part of the Houston MSA.

  2. The property has ingress and egress on N. 2nd St. and Adams St. off of Broadway and is situated across from the community center and park. The primary and secondary schools are within 1.5 miles of the property.

  3. Located near major employment centers in La Porte with ease of access to the city of Baytown, Pasadena, Deer Park, Clear Lake and the city of Houston. There are over 100 major employers within a few miles of the property some of which include ExxonMobil, Port of Houston, Du Pont, INEOS, Lyondellbasell, Solvay, Air Liquide, Baker Hughes, BASF, Total, Dixie Chemical and Braskem to name a few.

  4. Seems to be upside in the rents with interior and exterior improvements.

  5. The property is individual metered for Electricity. According to the owner there is a utility bill back for Water and Gas as well as a fee for Pest Control and Trash.

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