Apartments For Sale • 9,226 SF
| 100% occupied — all 12 units leased as of the August 2026 rent roll, $13,819 monthly scheduled rent |
| 9.26% in-place cap rate on $1,092,000 — $91,000 per unit, $121 per SF |
| 10.40% stabilized cap with $12,972 of annual loss to lease still on the table |
| Eight of twelve units fully renovated in 2025–26 — new kitchens, quartz counters, stainless appliances, tiled baths and LVP flooring |
| $20,000+ in sewer and under-slab plumbing already replaced — the biggest capital risk in a 1947 building, solved |
| Four classic units at $970–$1,100 against $1,250 achieved market rent — $10,572 of annual mark-to-market on a $72,000 budget |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Houston (Sunset Limited - Amtrak) | 9 min | - | 3.8 mi |
| Transit/Subway | Drive | Walk | Distance |
| Elgin Third Ward Sb (METRORAIL PURPLE LINE - Metropolitan Transit Authority of Harris County) | 3 min | 20 min | 1.1 mi |
| Airport | Drive | Walk | Distance |
| William P Hobby | 22 min | - | 10.9 mi |
| George Bush Intcntl/Houston | 29 min | - | 20.9 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 12 |
| Type: | Surface |
| Included in Rent: | Yes |