CASH COW! Unique Opportunity to own a 22 Units Single Room Occupancy (SRO) Building. It has been operated as a SRO property for over 8 years. All tenants are on leases. Tenants share large kitchen area and 7 bathroom/showers. Most tenants are Long Term. Current owner has turned a former retail building into HIGHLY PROFITABLE multiunit property. Extremely Low Expense Ratio. Current owner would be willing to train buyer (or new management company) on operations. Yes the Cap Rate is Correct - 19.7% with no debt. Leveraged Cap Rate is 12.9% assuming 30% Down. NO OWNER FINANCE VERY IMPORTANT: DO NOT TOUR OR GO BY THIS PROPERTY w/o Contacting our office. Due to the unique nature of this property and the tenants DRIVE BY's ONLY are allowed.
This is a garden, one story complex comprised of several buildings containing 21 apartments on 1.98 acres of land. There are 16 one-bedroom one bath apts., 4 two-bedroom, one bath apts. and one efficiency. All the units are individually metered for electric. The seller pays gas and water. He is in the process of installing central air and heat in all the units. 14 are already installed.
Single family ranch home on large lot with lake view. 4+2 with 2 car garage. Near Jersey Village Golf Course.
Excellent investment Opportunity for those in multifamily. Cap rate on actual. Property is 100% occupied. Call for details.
Class B property in excellent condition with many recent upgrades, YOC 1980, over 95% occupied. Constructed of Hardi Plank siding with brick and wood trim, and consisting of 27 two story garden style bldgs plus a clubhouse/leasing office. Five 1 and 2 BR floor plans from 563 sq ft to 860 sq ft. Strong amenity package featuring pool, newly decorated club house, business center, pet park, access gates. Interiors offer washer dryer connections, fireplaces, exterior storage, pantries, patios/balconies. Recent capital improvements in approx. amount of $1,682,500 include new roofs, exterior paint, faux wood flooring and numerous interior improvements.
Income producing property! 7-plex with easy access to 610 and close to Hobby airport. Unit 3 comes completely remodeled with carpet throughout the apartment and ceramic tile flooring in kitchen and bath. Leased Units 1, 2, 3, & 4. OWNER FINANCING - NO CREDIT AND BAD CREDIT ACCEPTED - CALL FOR MORE INFORMATION
Description: 4-plex in hot area near Gulf Fwy. Each unit consists of 1 bedrooms and 1 bath. Units B & C available. Take advantage of this money making property. Unit B and C come with new paint and unit D comes with new paint and new carpet. Leasing each unit for $575.OWNER FINANCING - NO CREDIT AND BAD CREDIT ACCEPTED - CALL FOR MORE INFORMATION
Price Upon Req.279,481 SF
The Worthington at Beltway is a 362-unit ,two-story, garden apartment community built in 1982. The community benefits from an excellent location less than two miles west of Interstate 45 and five miles from the Hardy Toll Road and The Sam Houston Tollway (Beltway 8). The property is nestled south of Gears Road which has an average daily traffic count of over 18,000 and north of Greens Parkway. The Worthington at the Beltway' s current physical occupancy is at 94%. Community amenities include two sparkling swimming pools, a hot tub, fitness center, two laundry facilities, playground, picnic areas, a two acre wooded park, gated access way,and covered parking. Exterior finishes are brick and hardiplank. The building roofs are pitched and the property is individually metered for electricity.The Worthington at the Beltway offers residents one and two bedroom floorplans that range between 606 to 1,042 square feet. Interior features in all of the units include ceiling fans, large walk-in closets, mini/vertical blinds, spacious patios, decks or sunrooms, and wood burning fireplaces. Select units feature full-size washer and dryer connections.
Price Upon Req.134,389 SF
***** OFFERS DUE: 5:00 p.m. (CST)THURSDAY, OCTOBER 1, 2015 ***** Park Hollow Apartments is a 170-unit, Class C multifamily asset located in Pasadena, Texas. The property was built in 1971 and has brick and hardi plank wood exteriors. Standard unit features include: frost-free refrigerators, dishwashers, electric stoves, garbage disposals, kitchen pantries, ceramic tile (living room, bathroom, kitchen, and dining room), mini-blinds, coat/linen closets, and walk-in bedroom closets. Community amenities include: a sparkling swimming pool, two laundry care centers, covered carports, a courtyard area, and perimeter fencing. Park Hollow benefits from an excellent location on South Shaver St., south of Edgebrook Dr., in southeast Houston. Residents have easy access to the Sam Houston Parkway (5 miles west) and Interstate 45 (2 miles east). Currently, there are no apartments proposed to be construction and only one under construction - (Crenshaw Grand at Beltway 8, 264-unit) - in the Pasadena/ Deer Park submarket which creates a favorable opportunity for the property to raise rents.
Price Upon Req.83,708 SF
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 professionalmanagement team which has kept the property in impeccable condition. Current physical occupancy is at 95%.Siena Courtyards offers its residents convenient access to the FM 1960 Corridor, the Greenspoint District, The Woodlands and George Bush Intercontinental Airport via the Sam Houston Tollway (the Beltway 8), Interstate 45 and the Hardy Toll Road.