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20795346
20795366

5 Estelle St, Houston, TX 77003

SI
TX 817111
LPT Realty, LLC
Listed by LPT Realty, LLC
$718,995
561 days on market
Updated 68 days ago
Opportunity zone

Estelle Apartments

Details
APN 0071260080006
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,140
Units 5
Cap Rate 10.1%
NOI $72,600
Occupancy 80%
Pro-Forma Cap Rate 18.44%
Pro-Forma NOI $132,600
Class A
Year Built 1938
Year Renovated 2022
Buildings 2
Stories 2
Lot Size (SqFt) 5,000
Zoning Residential
Investment Type Stabilized
Ownership 100%

Central Houston / Instant Cash Flow / Great Investment Opportunity

Marketing description

Exceptional income-generating property in the heart of EaDo, minutes from downtown Houston! This newly renovated, fully furnished 5-unit building is a rare, hassle-free investment opportunity in a prime location near trendy restaurants, shops, and newly developed buildings. Each modern unit is move-in ready with stylish finishes and new appliances, attracting high-quality tenants. Currently generating strong rental income, this property offers excellent appreciation potential in one of Houston’s fastest-growing neighborhoods. Don’t miss this turnkey investment in the thriving heart of East Downtown!

Investment highlights

  • Strong monthly income

  • Fully furnished units

  • Value Add Opportunity

  • Fully remodeled in 2022 / Everything is brand new. Roof, HVAC, windows, water heaters, etc.

Listing Contacts

SI
TX 817111
LPT Realty, LLC
Listed by LPT Realty, LLC

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$72,600.00
$6,050.00/mo

Valuation Metrics

0
DSCR
10.1%
Cap Rate
10.1%
ROI

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Additional Information

Name
Spencer Igwe
License
817111
Brokerage
LPT Realty
Brokerage Address
13315 Wallisville Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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