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Good Candidate for Renovation~ A new buyer should see good value return with interior and exterior improvements. The vacant units need varying degrees of make readies. The area occupancy for this type of property that has been renovated is in the mid to high 90 percent range. With interior and exterior repairs/upgrades it is possible that the property could sustain rents in the .70/sf to .75/sf range or higher depending on the degree of improvements. Beechnut Palms is a good opportunity for an owner to purchase a property near Houston Chinatown and Houston Baptist University that has Good Upside Potential with improvements and a strong onsite manager. There is upside in the rents, and with implementation of a Water RUBs and with a new owner taking over the laundry facilities on the property and purchasing his own laundry equipment. The property has covered parking.
Excellent investment Opportunity for those in multifamily.
5 Fully Leased Single Family Rental Homes. See Attached Flyer
Price Upon Req.12,656 SF
" Existing Tenants Include Office, Retail & Residential " Income Producing " Off-Street Parking " Remodeled 2011 " 1st Floor Availability for Owner Occupied User
WELL MAINTAINED GATED 15 UNIT COMPLEX IN WESTMORELAND HISTORICAL DISTRICT, THE UNIT MIX IS 2 EFFICIENCIES, (9) 1/1, (3) 2/1, AND (1) SPACIOUS 2-STORY 3/3 W/ GAMEROOM & STUDY PERFECT FOR OWNER OCCUPANCY, ON-SITE LAUNDRY MAINTAINED BY COINMACH, (8) GATED COVERED PARKING SPACES IN ADDITION TO 7 OFF-STREET PARKING SPACES, 13 OF THE 15 HAVE BEEN NICELY UPDATED WITH 2-TONED PAINT, BRUSHED NICKEL FIXTURES, AND WOOD LOOK FLOORING, GREAT LOCATION ! MINUTES FROM DOWNTOWN, MEDICAL CENTER, AND THE GALLERIA!
Price Upon Req.157,040 SF
*Offers Due April 22nd, 2015* Siena Courtyards is a 200-unit two-story garden apartment community built in 1980. The community benefits from an excellent location less than a mile west of Interstate 45 and three miles from the Hardy Toll Road. The property is nestled south of W. Rankin Road which has an average daily traffic count of over 28,000. Siena Courtyards has benefited from an outstanding professional management team which has kept the property in impeccable condition. Current physical occupancy is at 95%.
Fantastic Investment opportunity. Loads of new construction in the area. New town home are being built next door. Sale includes 2407 Bastrop (16650sp ft) and 2419 Bartrop (4372 sq ft) ,5 buildings 13186 sq ft = 21 units and storage buildings are on these lots as well. Rental rates start at $695/month, all tenants require background checks prior to move in. No felonies. Fully occupied. Parking assigned. Current gross income $14,200 / month. In the process of completion to renovate the buildings prior to closing (see attached list of renovations). Please do not talk or disturb the tenants in the apartments. Current cap rate is 9.5% Rent could be increased to $850 / month making cap rate 12% Rent was placed lower than market value to get tenants in. See documents for income expense and survey.
SINGLE FAMILY HOME - ON A LARGE CORNER LOT - QUIET NEIGHBORHOOD. 6800 SQ. FT LOT. 8 ROOMS WITH 3 BEDROOMS, 2 BATHS - APPROX 2199 SQ FT LIVING SPACE. 220 SQ. FT PARKING - WE REPAIRED THE FOUNDATION AND PARTIALLY RENOVATED THE HOUSE. THERE'S A FIREPLACE AND IT HAS VAULTED CEILINGS. FOR SALE BY OWNER. CALL PAT WIPPEL
Price Upon Req.50,530 SF
**Offers Due March, 25th** Transwestern's Houston Multifamily Advisors is pleased to offer The Montrose Value-Add Portfolio, an exceptional collection of apartments and townhomes with a spectacular location in the Montrose District, just west of downtown Houston, TX. The Montrose Value-Add Portfolio consists of 48 apartment-units and 13 townhomes; for a total of 61 units, 50,530 rentable square feet, with a land tract of 1.28 acres. The portfolio is located in the Avondale West Historic District and positioned within the 610 Loop. All properties are within walking distance of one another and are located within the Montrose/Museum District apartment submarket which has experienced an annualized rental rate increase of 4.6% over the last three months.
20 apts - all are two bedrooms. Bring reasonable offers. Rents are only 57 cents per square foot. Access from street front and back. Currently working to get Certificate of Occupancy. near Texas Medical Center and Reliant Center. Minutes from central downtown and University of Houston. Annual Net Income Earnings are approx. $40,000 in 2012. Opportunity to add value and increase rents. exterior is brick and hardy plank. Rents are currently approx. 57 cents per square foot. Looking for buyer that wants to increase rents.