3804 Mount Pleasant
Multifamily | 15 Units | $76,660/unit
Marketing description
This is a great chance to pick up a 15 unit apartment complex in the growing South Union area. The property offers a mix of 4 one bedroom units and 11 two bedroom units. The property is currently 66 percent occupied, providing immediate upside for an investor focused on increasing occupancy and stabilizing income. Listing may incorporate floorplan and virtual furnishings to help visualize its potential. Property is being sold in “as-is condition” , dimensions and information are approximate and buyer/representation responsibility to verify.
Investment highlights
• Offered below stabilized value with approximately $400,000 in projected upside through lease up and operational improvements.
• Value add opportunity with vacant units ready for renovation and leasing.
• Renovated units establish a proven finish standard, reducing renovation risk and supporting future rent growth.
• Opportunity to increase occupancy, improve NOI, and create long term value through targeted asset management.
• Well maintained single story, 15 unit courtyard community with on site parking.
• Strong demand supported by proximity to the Texas Medical Center, Downtown Houston, NRG Stadium, and major employment corridors.
• Excellent access to Highway 288, Loop 610, and Interstate 45, providing connectivity throughout Houston.
• Houston continues to benefit from population growth, job creation, and favorable housing affordability, supporting long term rental demand.
• Ideal opportunity for investors seeking a manageable multifamily asset with operational upside rather than a major redevelopment project.
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