Listed by KW Commercial Houston Metropolitan
$3,700,000
57 Units Value Add at 4343 Old Spanish Trail, Houston, 77021
Details
Property Type Multifamily
Units 57
Cap Rate 7.32%
NOI $270,954
Occupancy 3%
Tenancy Multi
Pro-Forma Cap Rate 7.50%
Pro-Forma NOI $567,178
Price per SqFt $228
Acreage 2.050
Investment Type Value Add
Multifamily | 7.32% CAP | 57 Units
Marketing description
This Property is conveniently located less than a mile from University of Houston. Properties surrounding have been renovated or built anew. Currently providing efficiency apts on short rentals, this property is waiting for an investor to lift it off the ground to maximize its potential! Location to the main road, access to downtown and the possibility to redevelop this property into something amazing is what all savvy investors dream about.
Investment highlights
- Value Add with a huge amount of space
- Located less than a mile from University of Houston
- Still Generating Cash Flow
- Plenty of parking space
- Great opportunity to Develop!
- Huge demand for Real Estate in this Area
- Great property for redevelopment or improvement
- Already proven area with new developments. Land alone goes for top dollar
Listing Contacts
Listed by KW Commercial Houston Metropolitan
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$270,954.00
$22,579.50/mo
Valuation Metrics
0
DSCR
7.32%
Cap Rate
7.32%
ROI
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