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Balaban Plaza - 1.3 Million Price Drop!
Houston, TX Aldine

$3,950,000 USD

Multifamily For Sale • 43,123 SF

2 Properties View all

Property Details

Property Type Multifamily
Cap Rate 6.78 %

40 Transit Score

50 Walk Score

                
                    Highlights
                
                                $1.3 million price drop!  53 unit apartments- below market rents, High demand area with easy access to Downtown Houston, Bush Airport and employment 
                            
                                One Acre open flat land adjoining the apartments. Area is unincorporated allowing many opportunities- housing, business storage facility, etc
                            
                                La Sabrosita 45 seat  Restaurant/Convenience Store included with a tenant of 15 years; owner has no direct participation, only collects rents!

Property Flyers

9135 Airline Dr & 9110 Meadowshire

Rent Roll -9110 Meadowshire St

Balaban rent roll 9135 airline 7-31-96

Financial Summary (Actual)

Net Operating Income: $267,771 USD (2025)

Cap Rate:	6.78 %
Total Expenses:	$194,154 USD

Public Transportation

Airport	Drive	Walk	Distance
George Bush Intcntl/Houston	16 min	-	11.5 mi
William P Hobby	37 min	-	23.4 mi

John Pankiewicz 713-631-9030 Champions NextGen Real Estate

Balaban Plaza - 1.3 Million Price Drop! Houston, TX Aldine