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8800 Gulf Fwy

Houston, TX 77017

$3,975,000

Apartments For Sale  •  56,095 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 56,095 Sq Ft
  • Lot Size 2.02 ac
  • Building Class C
  • Year Built 1963
  • Cap Rate 8.27 %
  • Zoning none
43 Transit Score
40 Walk Score

Description

Casa Grande Apartments - 63 unit apartment complex, 95% occupied. 21 - 2 bedroom/1 bath, 6 - 2 bedroom/2 bath, and 36 - 1 bedroom/1 bath units. 8800 Gulf freeway is located approximately 10 miles southeast of downtown Houston, and is a convenient 5 minutes away from Hobby airport. Recent capital upgrades include a new roof replaced in May 2016, exterior recently painted, new courtyard, new laundry room with coin operated washers/dryers owned outright, and new boilers added November 2017. Two units are being used for the property manager and maintanence and could bring in extra $1900. Perfect property to implement RUBS system. Property was effected by Harvey in September of 2017 and the first floor has since been remediated, approved by the city, and is fully rented. Some of the upgrades include new flooring, new appliances etc. Property is well kept and pride of ownership. Please feel free to contact Fabian for a showing and please do not disturb residents. Thank you.

Property Flyers

Financial Summary

Cap Rate: 8.27 %

Amenities

  • Air Conditioning
  • Cable Ready
  • Courtyard
  • Laundry Facilities
  • Picnic Area
  • Property Manager on Site
  • Ceiling Fans
  • Crown Molding
  • Refrigerator
  • Walk-In Closets
  • Dining Room

Public Transportation

AirportDriveWalkDistance
William P. Hobby Airport 13 min - 4.7 mi
Houston George Bush Intercontinental Airport 35 min - 29.9 mi

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
Fabian Casta 832-646-0222 R.C. Pro, LLC
Fabian Casta 832-646-0222 R.C. Pro, LLC