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Montrose Multi Family 3.8% interest rate
Houston, TX Hyde Park

$3,200,000 USD

Portfolio For Sale  •  8,030 SF

2 Properties View all

Property Details

• Property Type Unknown
• Cap Rate 7.62 %

51 Transit Score

91 Walk Score

Highlights

Combined Portfolio CAP Rate of 6.14% even with 3 current vacancies

Pro Forma NOI: $244,000 with a 7.62% CAP at full occupancy

Assumable Loan at 3.8% Interest Rate – Approx. $1.7M balance with over 6 years remaining

High Rents and Stable Tenancy in a prime location

Value-Add Opportunity with room for rent growth and light improvements

2420 McDuffie offers excellent redevelopment potential – ideal site for 4–5 new patio homes, consistent with surrounding developments

Cap Rate:

7.62 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
Houston (Sunset Limited - Amtrak)	8 min	-	4.5 mi
Airport	Drive	Walk	Distance
William P Hobby	28 min	-	13.7 mi
George Bush Intcntl/Houston	32 min	-	23.6 mi