$875,000
Townhome Portfolio | 2-Unit Bundle | Midtown Houston
Details
APN 1427700010002; 1427700010003
Property Type Multifamily
Sub Type Student Housing, Single Family Rental Portfolio
Square Footage 3,938
Net Rentable (SqFt) 3,938
Units 4
Beds 8
Cap Rate 5.70%
Tenancy Vacant
Rent Bumps No
Pro-Forma Cap Rate 5.70%
Pro-Forma NOI $49,725
Price per SqFt $222
Broker Co-Op True
Class A
Year Built 2025
Buildings 2
Stories 3
Lot Size (SqFt) 2,834
Parking Spaces 2 per unit
Investment Type Core+
Occupancy Date 06/19/2026
Sale Condition 1031 exchange
Brand new 2025 | 4 rentable units | 5.7% CAP | Inside 610 Loop | Vacant at closing
Marketing description
Two brand-new 2025 construction income properties offered as a bulk portfolio. Four independently rentable units across two buildings — delivered vacant at closing with immediate lease-up potential. Proforma cap rate 5.7% / Projected gross rent $6,400/month / No HOA / 1031 exchange eligible / Inside the 610 Loop / Minutes from U of H, TSU, and Texas Medical Center.
Investment highlights
- 4 rentable units across 2 buildings — brand new 2025 construction
- Proforma cap rate 5.7% based on current 77004 market rents
- Projected gross rent $6,400/month / $76,800 annually
- Bulk portfolio price $875,000 — $29,000 below combined individual pricing
- Both properties delivered vacant at closing — immediate lease-up
- 1031 exchange friendly - No HOA — maximum leasing and operational flexibility
Listing Contacts
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