On Market

701 7th St

Kemah, TX 77565, USA

List price

$850,000

beds

baths

1,824

sq ft

1950-01-01

built

Quadplex

1 / 2

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Story

A 1950 quadplex four blocks from the water, where every roof is fresh and every unit has a tenant who already paid this month. The seller built something that has quietly worked for decades and is now ready to hand it off and move on. There is a blanket lien on it today and a free and clear deed waiting at the closing table, because the lender already said so. Kemah is not a spreadsheet city, it is a waterfront town with a boardwalk and a bay, and this building sits right in the middle of it collecting rent.

Property details

24 details the seller has shared

24 details

Property

· The bones — what the buyer sees first

Bedrooms

Full baths

Finished sq ft

1,824 sq ft

Year built

1950

Lot size

7,260 acres

Stories

Units

Property type

Quadplex

Occupancy

Tenant-occupied

Condition (1–5)

County

Galveston

Financials

· What it earns and what it costs to hold

Monthly rent

$7,550 /mo

Annual property tax

$2,603 /yr

Annual insurance

$3,619 /yr

Monthly HOA fee

$0 /mo

Monthly utilities

$920 /mo

Tax-assessed value

$368,320

Property tax rate

2.4%

Features

· Comfort, climate, and curb appeal

Cooling

Window A/C Units

Parking

4 Spaces

Basement

None

Roof

Vinyl

Exterior

Vinyl

Foundation

Block & Beam

History & terms

· Past sales, updates, and deal mechanics

Reason for sale

Tired of being a landlord

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