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29182548
29182549

2530 W 18th St, Houston, TX 77008

WG
TX 816614
Marcus & Millichap - Houston
Listed by Marcus & Millichap - Houston
Unpriced
144 days on market
Updated 101 days ago
Under Contract

Holly Plaza Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 22,275
Net Rentable (SqFt) 11,112
Units 18
Class C
Year Built 1954
Buildings 3
Stories 2
Investment Type Value Add

18 Units

Marketing description

Marcus & Millichap is pleased to present a rare value-add multifamily opportunity located in the highly desirable Timbergrove submarket of Houston, TX. This 18-unit asset offers immediate upside potential through strategic renovations and operational improvements.

Positioned adjacent to the 610 Loop and US-290, the property benefits from exceptional connectivity to Houston's major employment hubs and urban amenities. The unit mix includes 14 one-bedroom/one-bath units and 4 two-bedroom/one-bath units, with one unit currently serving as an onsite leasing office. Current rents are significantly below market, providing a clear path for income growth.

The property features gated access, an onsite laundromat, and covered parking, offering potential for additional revenue streams. Each unit is individually metered for electricity and equipped with central A/C, reducing ownership utility expenses and enhancing tenant comfort.

This offering presents an outstanding opportunity for investors seeking to capitalize on below-market rents and reposition a well-located asset in one of Houston's most vibrant submarkets.

Investment highlights

  • Rents well Below Market

  • Individually Metered Electricity

  • Covered Parking Onsite

Listing Contacts

WG
TX 816614
Marcus & Millichap - Houston
Listed by Marcus & Millichap - Houston

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Additional Information

Name
Will Garrison
License
816614
Brokerage
Marcus & Millichap
Brokerage Address
3 Riverway Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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