Residencias Hobby
Multifamily | 80 Units | $55,000/unit | Minimum Bid: $4,400,000
Marketing description
Located along the Gulf Freeway corridor with direct access to Interstate 45, this asset is a repositioned hospitality-to-multifamily conversion operating as workforce housing in a demand-driven submarket. The property features copper wiring, recent capital improvements—including two roofs replaced in 2024--and 9 fully renovated units, supporting both operational stability and continued value-add potential. Positioned between Downtown Houston and the Hobby Airport area, the asset benefits from strong visibility and accessibility, offering investors a cash-flowing opportunity with upside through further unit upgrades and operational optimization.
What Is a Minimum Bid?
Minimum Bid represents the starting price at which ownership is willing to review qualified purchase offers.
Investment highlights
Hospitality-Style Layout & On-Site Amenities
Strategic Location & Demand Drivers
Recently Renovated Asset with Near-Term CapEx Advantages
Scaled Hospitality Asset with Strong Revenue Potential
Opportunity for Revenue Growth and Operational Optimization
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