410 Lang Road, Portland, TX 78374
- $4,900,000
- 120
- BD
- 64
- BA
- 59,159
- SqFt
- List Price
- $4,900,000
- MLS#
- 482480
- Status
- ACTIVE
- County
- San Patricio
- City
- Portland
- Subdivision
- Gregory-Paul Sub Cfp Co
- Bedrooms
- 120
- Bathrooms
- 64
- Living Area
- 59,159
- Acres
- 4.49
Property Description
The Contessa Apartments in Portland comprise a landmark complex in a central part of booming Portland. With a steady NOI margin, it's a rare opportunity in Portland, and enjoys consistent 85-90%+ Occupancy rates with easy potential for more. Value-add growth potential is also here with updates. The 64-unit complex is broken into 8 buildings of 8 units each, and all are 2-story buildings with downstairs units and upstairs units. The 4.49 acre lot gives room between buildings, a central "park" area, and plenty of parking all around the complex. There is a managing office, card laundry room, and Owner's Suite 1/1 for Manager or Owner to stay in behind the office. The location puts this within 1 mile of HEB grocery store, the Portland Municipal Park & baseball fields, CVS, restaurants, shopping, medical offices, gas stations, Hwy. 181, and Gregory-Portland high school, middle school, and TM Clark Elementary. The full-time maintenance crew and office manager may be happy to continue on with a new owner. Water is all paid by Landlord for whole complex, electric is on separate meters and set up by Tenants individually.
Additional Information
- Days on Market
- 18
- Year Built
- 1976
- Stories
- 2
- Interior Features
- Air Filtration, Home Office, Window Treatments, Ceiling Fan(s)
- Cooling
- Electric, Central Air
- Heating
- Central, Electric
- Exterior Features
- Other, Storage
- Roof
- Other
- Pool Description
- None
- School District
- Gregory Portland ISD
- Elementary School
- TMClark
- Middle School
- Gregory Portland
- High School
- Gregory Portland
Mortgage Calculator
Listing courtesy of Cass Real Estate.