About 1026 Miles Street
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 $890,000, this equates to an attractive 8.48% cap rate and $80,909 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.
Features of 1026 Miles Street
| MLS® # | 55581660 |
|---|---|
| Price | $810,000 |
| Square Footage | 16800 |
| Acres | 0.39 |
| Year Built | 1945 |
| Type | Residential Income |
| Sub-Type | Multi Family,5 Plus |
| Status | Active |
Community Information
| Address | 1026 Miles Street |
|---|---|
| Area | 30 |
| Subdivision | First Fair Add |
| City | Rosenberg |
| County | Fort Bend |
| State | TX |
| Zip Code | 77471-3841 |
Amenities
| Utilities | Electric, Natural Gas Connected, Water Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Microwave, Refrigerator |
|---|---|
| Heating | Natural Gas |
| Cooling | Window Unit(s) |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Roof | Composition |
|---|
School Information
| District | 33 - Lamar Consolidated |
|---|---|
| Elementary | Travis Elementary School (Lamar) |
| Middle | George Junior High School |
| High | Terry High School |
Additional Information
| Days on Website | 193 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Master Planned Community | No |
Listing Details
| Office | White House Global Properties |
|---|