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26521521
26521544

7648 Broadview Dr, Houston, TX 77061

ER
TX TX 719511
Independence Real Estate, Inc.
Independence Real Estate, Inc.
Listed by Independence Real Estate, Inc.
$1,400,000
286 days on market
Updated 91 days ago

Broadview Place

Details
APN 0572590000068
Property Type Multifamily
Sub Type Apartment Building, Student Housing
Square Footage 18,000
Cap Rate 5.60%
NOI $98,000
Occupancy 100%
Price per SqFt $78
Broker Co-Op Yes
Class B
Year Built 1982
Year Renovated 2019
Buildings 1
Stories 2
Lot Size (SqFt) 34,160
Occupancy Date 08/21/2025

Multifamily | 5.60% CAP

Marketing description

Discover the ultimate multifamily investment opportunity! Presenting 11 fully occupied units that have been recently remodeled, located in a gated community, each Tenant enjoy assigned covered parking, ample green space with an outside cover patio, playground. Each unit has a different unique layout and each unit offers amenities such as tile and laminate floors, and high efficiency washers and dryers. Units mix are 1 bedroom with 1.5 bathrooms to 3 bedrooms with 2 bathrooms. Located in the heart of Southeast Houston, Texas. This prime property boasts exceptional accessibility, with convenient access from State Highway 35 (Telephone Road), I-45 South, Beltway 8, and I-610. Property is located close to all major shopping centers, Downtown Houston, and HISD schools. What's more, the property is situated in a favorable Flood Zone X, providing added peace of mind. With all the essential elements in place, this turnkey opportunity is too good to miss. Seize the moment and grasp this remarkable investment before it slips away! For further details and to secure this remarkable investment, call us today!

Investment highlights

  1. Flood Zone X

  2. Fully Occupied

  3. Easy access to State Highway 35 (Telephone Road), I-45 South, Beltway 8, and I-610

  4. Recently Renovated

  5. Individually Meter for Electricity

Listing Contacts

ER
TX TX 719511
Independence Real Estate, Inc.
Independence Real Estate, Inc.
Listed by Independence Real Estate, Inc.

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$98,000.00
$8,166.67/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Ernesto Ramirez
License
TX 719511
Brokerage
Independence Real Estate Inc.
Brokerage Phone
713-459-2222
Title
Principal Broker
Name
Jessica Castillo-Saenz
License
0567578
Brokerage
Independence Real Estate, Inc.
Brokerage Phone
713-360-7956
Title
Associate Broker
Brokerage Address
6005 Fairmont Parkway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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