Listed by Partners
$4,550,000
Montgomery Place Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 50,000
Units 50
Cap Rate 5.00%
Occupancy 60%
Price per SqFt $91
Broker Co-Op Yes
Class B
Year Built 2002
Buildings 5
Stories 2
Parking Spaces spaces
Investment Type Value Add
Ground Lease No
Sale Condition For sale by owner
Strategically located 50-unit asset with renovation and income growth potential.
Marketing description
50 Units
50,000 SF
2002 Build
Less than a mile away from Sam Houston University
Amenities include tile flooring, walk-in closet, washer and dryer connections, and a new roof installed in 2019
Investment highlights
Less than a mile away from Sam Houston University
Amenities include tile flooring, walk-in closet, washer and dryer connections, and a new roof installed in 2019
Listing Contacts
Listed by Partners
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