Commonwealth Collective LLC
Listed by Commonwealth Collective LLC
$1,795,000
904 Ellena Rd #16
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 14,400
Net Rentable (SqFt) 14,400
Units 16
Cap Rate 8.91%
NOI $160,000
Occupancy 100%
Pro-Forma Cap Rate 8.41%
Pro-Forma NOI $151,000
Price per SqFt $128
Class C
Year Built 1973
Buildings 16
Stories 1
Lot Size (SqFt) 18,000
Occupancy Date 12/29/2025
Multifamily | 16 Units | $112,188/unit
Marketing description
Fully leased, 16 unit "Complex". Sixteen 900 sq ft small houses. All 2/1. Extensive capital improvements, including but not limited to- 2024 Roof, all but 3 units renovated, several new outdoor ac units. Tenants pay their utilities, fully leased and historically low vacancy rates. Owner self managed at the beginning during the value add but now has a property manager. Easy, well maintained, cash flowing property in the center of Houston.
Investment highlights
Parking: Paved Area
Listing Contacts
Commonwealth Collective LLC
Listed by Commonwealth Collective LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$160,000.00
$13,333.33/mo
Valuation Metrics
0
DSCR
8.91%
Cap Rate
8.91%
ROI
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