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33642859
33642860

1011 W 10TH ST, Houston, TX 77008

RD
TX TX 9004042
Partners
MB
TX TX 663805
Partners
SL
TX 787298
Partners
Listed by Partners
$2,000,000
10 days on market
Updated 1 day ago

TenEleven Apartments

Details
APN 0600840070011
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,812
Units 14
Occupancy 100%
Tenancy Single
Pro-Forma Cap Rate 7.22%
Pro-Forma NOI $144,445
Class C
Year Built 1970
Year Renovated 2023
Stories 2
Acreage 0.210
Investment Type Stabilized
Sale Condition For sale by owner

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

Listing Contacts

RD
TX TX 9004042
Partners
MB
TX TX 663805
Partners
SL
TX 787298
Partners
Listed by Partners

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Additional Information

Name
Ryan DeGennaro
License
TX 9004042
Brokerage Phone
7133167059
Brokerage Address
5847 San Felipe Street
Name
Matt Bean
License
TX 663805
Brokerage Phone
713-303-5603
Name
Scott Lunine
License
787298
Brokerage
Partners Real Estate
Brokerage Phone
713-854-5946
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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