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17360876
17360877

3764 Tanglewilde St, Houston, TX 77063

AP
TX 0489115
Texas Fast Realty LLC
Listed by Texas Fast Realty LLC
$2,950,000
792 days on market
Updated 11 days ago

3764 Tanglewilde

Details
Property Type Multifamily
Sub Type Apartment Building
Units 29
Cap Rate 4.68%
NOI $138,183
Occupancy 100%
Broker Co-Op Yes
Class B
Year Built 1981
Year Renovated 2
Buildings 6
Stories 2
Lot Size (SqFt) 124,320
Zoning Commercial
Parking Spaces 1 per unit
Investment Type Value Add
Ownership Fee Simple

Multifamily | 29 Units | $101,724/unit

Marketing description

Cedar Creek Condos is conveniently located in the heart of the Woodlake/ Westheimer area of Houston on Tanglewide Street, just north of the convergence of Westpark Tollway and South Gessner Road. The Property’s location provides easy access to schools, dining, shopping, and major employment hubs throughout the metro area. The Texas Medical Center – the world’s largest healthcare complex, is 10.1 miles to the southeast, Downtown Houston is 10.6 miles northeast, and University Place, The University of Texas Professional Building, and major attractions such as the Houston Zoo, Museum of Fine Arts, Museum of Natural Science and Hermann Park and Golf Course are all within 12 miles of the Property. The same owner is selling a total of 29 Units in the same complex. This multifamily property, strategically located in the heart of Houston, presents an exceptional investment opportunity for investors seeking high returns and strong cap rates. Positioned in a thriving urban area with easy access to major highways, employment centers, and popular attractions, the property offers consistent demand from tenants looking for a convenient, vibrant living experience. With modern amenities and well-maintained units, this asset delivers significant potential for rental income growth and long-term value appreciation. For investors aiming to maximize returns in a high-demand market, this multifamily property is an ideal addition to any portfolio.

Listing Contacts

AP
TX 0489115
Texas Fast Realty LLC
Listed by Texas Fast Realty LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$138,183.00
$11,515.25/mo

Valuation Metrics

0
DSCR
4.68%
Cap Rate
4.68%
ROI

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Additional Information

Name
Alma Puerto
License
0489115
Brokerage
TEXAS FAST REALTY LC
Title
CEO
Brokerage Address
1095 Evergreen Circle
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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