Houston Investment Property
Houston Investment Property, Multifamily
Asking Price: $4,250,000
Property Description:
PROPERTY HAS PITCHED ROOFS, INDIVIDUAL ELECTRIC METERS AND INDIVIDUAL A.C. UNITS—CONSTRUCTION IS BRICK AND WOOD–THERE IS PERIMETER FENCING AND CONCRETE DRIVE WAYS—MOSTLY 2 AND 3 BEDROOM UNITS—32 HAP CONTRACTS FOR 3 MORE YEARS; 20 SECTION “8″ UNITS
Location Description:
PROPERTY IS LOCATED ON A MAJOR STREET IN NORTHEAST HOUSTON—SHOPPING, SCHOOLS AND CHURCHES ARE CLOSE BY
Financial Overview: (as provided by seller)
For further information, contact us. Reference property #15850854
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Houston Investment Property: Multifamily, just outside city limits
Asking price: $5,800,000
Property Description:
145 units, outside City limits. Recent half million dollar rehab. Class B opportunity in a favorable investment climate. Recent $600,000 property rehab and renovation project. All new Clothes Care Center, Exercise Facility, Business/Computer/WiFi Center and Shade Deck near pool. Rents are still not maxed out for this market, offering value-added potential for the savvy investor.
Remote Controlled Access Gates, In-unit washer-dryer connections, Ceiling Fans, shade landscaping, concrete paving and private patio/balconies are some of the features that make for easy leasing and resident retention.
Location Description:
Property is located within the Growth Corridor of Northwest Harris County (Tomball Parkway - SR 249 - Beltway 8). A rapidly growing area anchored by the 10,000 employee Hewlett-Packard campus - Willowbrook Mall FM1960.
Financial Overview: (as provided by seller)
2008 Scheduled Gross Income: $984,980
2008 Proforma NOI: $469,800
For further information, contact us. Reference #15884902
