933 Harbor
15 unit - value add - multi-family
Marketing description
933 Harbor St is a 15-unit multifamily property offered fully vacant, providing a clean value-add opportunity in Houston’s Denver Harbor area. The property requires renovation and is ideal for an investor looking to execute a straightforward rehab and lease-up.
With no existing tenants, a new owner can renovate and lease units at current market rents without dealing with legacy leases or phased turnover. This allows for a faster path to stabilization and full operational control from day one.
The unit mix is primarily 1-bedroom units, supporting consistent leasing demand and a repeatable renovation strategy.
This is a simple, execution-driven deal: renovate, lease, and stabilize at market rents.
Investment highlights
Fully Vacant – Start Fresh from Day One
All units are delivered vacant, giving a new owner full control to renovate and lease without dealing with existing tenants or below-market leases.
Opportunity to Reset Rents to Market
Once renovated, units can be leased at current market rents (~$850 for 1BR and ~$1,050 for 2BR), rather than working through legacy rents over time.
Straightforward Value-Add Play
The property needs rehab, but the path is simple: renovate, lease, stabilize. No complicated repositioning or mixed-use challenges.
Strong Unit Mix for Leasing
11 of the 15 units are 1-bedrooms, which tend to lease quickly in this area and make the renovation and leasing process more repeatable.
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