TenEleven Apartments
Houston Heights | Multifamily | 14 Units | Minimum Bid $2,000,000
Marketing description
1011 W. 10th Street is a fully renovated 14-unit multifamily community ideally situated in the heart of the Houston Heights — one of Houston's most vibrant and supply-constrained inner-loop neighborhoods. The asset has undergone a comprehensive capital improvement program, transforming 1011 W. 10th Street into a highly attractive, low-maintenance investment featuring modernized interiors and significant upgrades throughout the property. Currently operating at 100% occupancy, the community generates strong in-place cash flow supported by rents that outperform many competing assets in the area, underscoring both the quality of the renovations and the property's strong tenant demand. With a boutique unit count, stabilized operations, and a premier location in the heart of the Houston Heights, one of the city's most desirable and supply-constrained rental markets, the property offers investors a compelling blend of immediate cash flow and long-term appreciation potential. Supported by continued population growth, limited opportunities for new multifamily development, and increasing barriers to entry throughout the Heights, 1011 W. 10th Street is exceptionally well-positioned to deliver durable income and sustained rental growth for years to come.
What Is a Minimum Bid?
Minimum Bid represents the starting price at which ownership is willing to review qualified purchase offers. This does not represent the list price.
Investment highlights
- 100% Occupancy - Generating $18,995/month in actual rent revenue with zero vacancy
- Turnkey Capital Stack - Roof, HVAC, wiring, W/D hook-ups, and water heaters all new
- Irreplaceable Heights Location - Supply-constrained submarket with near-zero new inner-loop deliveries
- Strong Rent Growth Trajectory - 3%+ annual rent growth projected as Heights market matures
- Broad Buyer Profile - Attractive to 1031 exchange buyers, private investors, and family offices
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