1001 W. Lobitt Street, Houston, Texas 77511
$575,000
1 Bed
1 Full Bath
Multi-Family
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About 1001 W. Lobitt Street
NEW ROOF 4/2026! 9% Pro Forma Cap Rate-Turnkey 8-Unit Multifamily Investment-Renovated & Income-Producing! * Cosmetic renovations to every unit completed in 2024 with quality upgrades * Modern kitchens with full-size appliances, stone countertops & tile backsplash * Ceiling fans in both the living room & bedroom * Walk-in closets * Private entry, individual parking, separate electric meters per unit * Attractive brick & wood plank siding for lasting curb appeal * Dumpster on-site.
This complex offers steady rental income & additional revenue from the brand NEW coin-operated washer & dryer located in a separate laundry room. Quiet corner lot in a residential neighborhood near downtown Alvin, TX ~30 miles from Houston & Galveston. There is an on-site property supervisor. Each unit is 1-bedroom/1-bath thoughtfully designed for comfort & functionality. * DRIVE BY ONLY! Please do not disturb tenants. Showings & inspections allowed during feasibility period.
Highlights
1001 W. Lobitt Street
$575,000
Multi-Family
3,281 Home Sq Ft
Houston 77511
1 Bed
1 Full Bath
8,551 Lot Sq Ft
General Description
Taxes & Fees
Tax ID
22600018000
Tax Rate
2.4645%
Taxes w/o Exemption/Yr
$8,895 / 2024
Maint Fee
No
Interior Features
Fireplace
No
Floors
Vinyl
Heating
Window Unit
Cooling
Ceiling Fan(s), Window Unit(s)
Appliances
Range, Refrigerator
Dishwasher
No
Range
Yes
Disposal
No
Microwave
No
Energy Feature
Thermostat
Loft
No
Exterior Features
Roof
Composition
Exterior Type
Brick, Wood Siding
Private Pool
No
Area Pool
Maybe
Lot Description
Corner Lot
New Construction
No
Listing Firm
JLA Realty
Schools
| Name | Grade | Great School Ranking |
|---|---|---|
| Alvin Elem | Elementary | 6 of 10 |
| Fairview Jr High | Middle | 8 of 10 |
| Alvin High | High | 5 of 10 |
School information is generated by the most current available data we have. However, as school boundary maps can change, and schools can get too crowded (whereby students zoned to a school may not be able to attend in a given year if they are not registered in time), you need to independently verify and confirm enrollment and all related information directly with the school.
