Investors welcome to 1026 & 1016 Miles St – 11-Unit Multifamily Opportunity in Rosenberg, TX. This stabilized, cash-flowing 11-unit asset generating $94,800 in annual gross income with approximately $16,812 in expenses, resulting in a strong $77,988 NOI. Offered at $920,000, this equates to an attractive 8.48% cap rate and $83,636 per door. High-occupancy property with room for strategic rent increases and the opportunity to add an on-site laundry facility to further enhance NOI. Tenants are individually metered for electricity, public water is in place, and a long-term tenant base provides consistent stability. Recent capital improvements include updated roof (2023), all water heaters replaced (2023), PEX plumbing installed in 1026 (Building 1), and five units remodeled between 2022–2023. A performing asset delivering immediate cash flow with clear upside potential.
*Low tax rate* All units are currently occupied. Please do not disturb tenants. Showings by appointment only. Fully updated multi-family property featuring three separate structures on a spacious 9,000 sq ft lot. Includes a 3-bedroom, 1-bath home, a 1-bedroom, 1-bath home, and a duplex with two 1-bedroom, 1-bath units. Each unit has independent electric meters, offering flexibility to live in one and rent the others or lease all for strong income potential. Recent 2023 upgrades include new PEX plumbing, complete electrical from the point of attachment to every outlet and fixture, new sheetrock, interior and exterior paint, and a full-perimeter picket fence. The property also features a shared laundry room with potential for coin-op appliances. Conveniently located near downtown Rosenberg, schools, and major routes, this property is designed for long-term returns. Check it out!
Exceptional Multi-Unit Commercial Building with Endless Possibilities. Presenting an unparalleled opportunity to own a versatile multi-unit building, formerly a 10-unit motel, now ready to be transformed for various commercial. This property is strategically located on a prominent hard corner off on Hwy 90, surrounded by both commercial and residential areas on a busy traffic way. This multi-unit commercial building offers a rare opportunity to capitalize on a high-visibility, high-traffic location with limitless potential for customization and growth. Perfect for developers, investors, and business owners looking to establish a presence in a thriving community. This expansive building can be easily adapted for multi-family residences, office spaces, retail shops, auto services, daycare facilities, and more. The layout provides flexibility to meet diverse business needs. Schedule a viewing today and explore the endless possibilities this prime location has to offer.
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Rosenberg is located in Texas. Rosenberg, Texas has a population of 37,871. Rosenberg is less family-centric than the surrounding county with 39.45% of the households containing married families with children. The county average for households married with children is 44.56%.
The median household income in Rosenberg, Texas is $61,116. The median household income for the surrounding county is $102,590 compared to the national median of $69,021. The median age of people living in Rosenberg is 30.4 years.
The average high temperature in July is 93.9 degrees, with an average low temperature in January of 42.6 degrees. The average rainfall is approximately 49.6 inches per year, with 0 inches of snow per year.