Listed by S&P Interests
Unpriced
5-Unit CO-OP Apartment Building
Details
Property Type Multifamily
Sub Type Apartment Building, Student Housing
Square Footage 3,072
Cap Rate 9.40%
NOI $65,700
Occupancy 100%
Acreage 4600.000
5-Unit Apartment Building
Marketing description
This thriving 5-unit co-op apartment building is strategically located near the University of Houston, offering a desirable living option for students and professionals alike. The property boasts a prime location with easy access to major freeways and is within walking distance of both the University of Houston and Texas Southern University. The building features a 100% occupancy rate, onsite laundry facilities, secure parking, and an attractive 8.48% cap rate. With a growing population and solid income demographics in the surrounding area, this property presents a promising investment opportunity.
Listing Contacts
Listed by S&P Interests
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$65,700.00
$5,475.00/mo
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Cap Rate
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