Price Upon Req.279,481 SF
*OFFERS DUE: WEDNESDAY, JUNE 10TH, 2015* 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.307,780 SF
OPEN HOUSE - FRIDAY, MAY 15, 2015 - 10:00AM-2:00PM - RSVP ONLY, 424 Unit Grade "B" Apartment Community. Clean, Attractive Property with 95% Occupancy a Moderate to Major Rehab was Performed in 2009 10 All roofs were replaced at that time. The owner has recently completed the following improvements; painting the iron/metal, new pool furniture near the office pool and the minor repair and paint of the siding / wood work. Upside Potential the owner increased the rents to the current rents shown on the unit mix in April 2015. A new owner should have upside upon lease renewals and the leasing of vacant units to new tenants. In addition, 5 units have been upgraded and are getting $50 over the new market rents. These units are shown on the unit mix as upgraded. The upgrades included new black appliances, Black Bean cabinet fronts, new kitchen backsplash, new kitchen hardware and two panel doors. A new owner may continue to improve/upgrade the remaining units upon turn and potentially receive a rent premium over the current market rents of the non upgraded units. To be Sold on an "all cash" basis - new loan required.
92% Occupied! TOTALLY RENOVATED! 20 Unit Apartment Complex 1 Block from HOBBY AIRPORT perfect for TURNKEY investment. 12- 2/1's, 6 - 1/1's and 2 Eff this Apartment Complex has the optimum unit mix for this area. Property was renovated over the last year (see attached renovation sheet). Owner is offering a turnkey investment with Renovation complete and management company in place. GREAT MANAGEMENT COMPANY! Please email or call for up to date financials. City of Houston Occupancy Permit and Habitability Permit Available!
Price Upon Req.181,016 SF
Sago Palms is a 240-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 with an average daily traffic count of over 28,000. Sago Palms is currently 90% occupied.Property amenities include a sparkling swimming pool, two laundry care facilities, wooded surroundings, a playground and gated access. Exterior finishes are brick and hardiplank. The building roofs are pitched and the property is individually metered for electricity. Sago Palms offers residents one and two bedroom floorplans which average from 552 to 1,056 square feet. Interior features in all of the units include mini blinds, walk-in closets, vanities, frost-free refrigerators, dishwashers , garbage disposals, ceiling fans, Hollywood bathroom lighting, outside patios and patio storage closets. Select units feature full-size washer/dryer connects (E&F Floorplans), stackable washer dryer connections (C&D Floorplans), faux wood floors, wood burning fireplaces, all-white appliances, two-tone paint,coat closets and wood or linoleum entryways.
Excellent investment Opportunity for those in multifamily. Cap rate on actual. Property is 100% occupied. Call for details.
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..
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.
Price Upon Req.4,400 SF
Property located on Taylor Street just off I 10 close to downtown. 4400 Sq/Ft Warehouse type building that needs completion. 20,007 Sq/Ft lot allows for multiple use possibilities. Ideal location for Residential, Townhouses, Multi Family.
This ''Mediterranean meets Modern'' energy saving custom showcase offers spectacular Lake View and Roof Top Terrace, high ceilings, open kitchen w island, granite counter tops, stainless steel appliances, bay windows, 2 fire places, 2 balconies plus roof deck & spacious game room w extra storage, custom woven/wood shades, etc. Gated community offers lakes, jogging trails, pool, and manned entrance. Med. Center location. Conveniently close to MetroRail.
Reduced for quick sales, $10,000 toward buyer's closing cost if use Green Bank, Sharlene Hawkes, 713 316-7015 3008 & 3010(8u)+ 3012 & 3014(8) + 3016(4u)= 20 units are sold together. Three blocks from TSU, beautifully renovated ~1 mile away from Midtown, one of the hottest areas of Houston ~2 mils away from Montrose-Minutes from major schools, freeways, downtown, medical center, museums, Rice, Heights-Close to public transportation, bus and light rail-Views of downtown from property-All units are individually metered, 2 bedrooms, 1 bath. New water heaters in all units, New central air AC with permit