4841 Highway 35 N, Rockport, TX 78382

Exceptionally maintained and updated 8 unit apartment building. All units rented with stable tenants-owner occupies one unit negotiable on leasing back, vacating or leasing prior to closing. Rents recently increased but there is room to increase rents further to keep up with market rates. All AC units have been replaced in the last 4 years. The roof and back awning are rated with WP8 at 160 mph. All windows were replaced with shatterproof glass. Quartz counters, updated cabinets in all units installed in 2018. All units complete with all appliances: built in microwave, refrigerators with ice makers, electric range, dishwasher, and combo washer dryers. Price based on 9.36% cap rate