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23894305
23893047

7120 Cole Creek Dr, Houston, TX 77092

LH
TX 0568141
Compass
Listed by Compass
$1,225,000
356 days on market
Updated 24 days ago

8 Unit Multifamily

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,288
Net Rentable (SqFt) 8,288
Units 8
Cap Rate 4.63%
NOI $56,700
Occupancy 100%
Pro-Forma Cap Rate 5.5%
Pro-Forma NOI $67,391
Price per SqFt $148
Broker Co-Op Yes
Class C
Year Built 1984
Buildings 2
Stories 2
Lot Size (SqFt) 33,659
Parking Spaces 16 spaces
Parking Per SqFt 1.93
Investment Type Core+
Occupancy Date 01/01/2023
Sale Condition 1031 exchange

Multifamily | 8 Units | Reliable Cash Flow and Long-Term Value

Marketing description

Introducing Cole Creek Estates, an exceptional 8-unit multifamily investment opportunity located at 7120 Cole Creek Dr, Houston, TX 77092. This well-maintained property offers investors a chance to secure reliable cash flow and long-term value in a prime location near Hwy 290 and Loop 610 in Houston. Each unit features a charming fireplace, adding warmth and appeal for residents, and the property, although not recently modernized, is in excellent condition with consistent care. Benefiting from a history of stable, long-term tenants, Cole Creek Estates delivers steady income with minimal turnover. Situated in a high-growth corridor of Houston, this asset caters to a diverse demographic, with its close proximity to popular amenities ensuring ongoing demand. Ideal for both seasoned investors and first-time buyers in multifamily real estate, don't miss this opportunity to acquire a valuable asset in a sought-after community.

***Please do not approach or contact tenants, all tours are accompanied and are scheduled in advance***

Investment highlights

  • All 8 Units Feature Fireplaces

  • Fully Occupied with Stable, Long-Term Tenants

  • Prime Location Near Hwy 290 & Loop 610

  • Well-Maintained Asset in a Quiet Community

Listing Contacts

LH
TX 0568141
Compass
Listed by Compass

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$56,700.00
$4,725.00/mo

Valuation Metrics

0
DSCR
4.63%
Cap Rate
4.63%
ROI

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Additional Information

Name
Lance Hightower
License
0568141
Brokerage
Compass
Brokerage Phone
8327227442
Title
Agent
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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