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3501 Brewster St

Houston, TX 77026

 

Apartments For Sale  •  17,500 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 17,500 Sq Ft
  • Lot Size 0.3 ac
  • Building Class A
  • Year Built 2018
43 Transit Score
59 Walk Score

Description

Completely rebuilt from the ground up! Over $800k invested into rehab of this property.
Property is fully master leased to a Sober Living "Rehab" facility that assumes all cost of operations and tenders monthly rent in a lump sum $9700 payment at the beginning of the month. Master lease is a NNN lease (tenants pay for all bills including insurance!) all landlord pays for is taxes at the end of the year. No management, just automatic cashflow. Three more years on lease (lease expires Oct 2021). All spacious 12 units are  2 bed 1 bath. All units are brand new with wear-resistant luxurious materials. Plenty of parking spots with surrounding perimeter privacy fence and automatic electronic gate. Located only 7 minutes away from downtown, next to major highway system and commercial centers. This property is positively cash-flowing with little effort. Great opportunity for Turnkey investors looking for cashflow with minimum management!

Highlights

Starting Bid: $450,000
Bidding: 6/10 - 6/12

Financial Summary (Actual)

Net Operating Income: $111,024 (2019)
Total Expenses: $5,376

Amenities

  • Air Conditioning
  • Balcony
  • Heating
  • Security System
  • Ceiling Fans
  • Crown Molding
  • Granite Countertops
  • Refrigerator
  • Attic
  • Grill
  • Double Pane Windows

Parking Details

Parking Available: Yes
Reserved: Yes
Spaces Provided: 15
Type: Reserved
Included in Rent: Yes
Joel Vazquez 713-458-8686 Gold Quest Group, LLC
Joel Vazquez 713-458-8686 Gold Quest Group, LLC