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34529047
34529055

839 Rachel Street, Houston, TX 77091 For Sale

TK
TX 571786
Compass RE Texas
Listed by Compass RE Texas
$4,125,000
0 days on market
Updated 0 days ago
Opportunity zone

Elysium at Rachel Morning - 11 Homes Fully Rented - 5.3 CAP

Details
APN 1450070010004
Property Type Multifamily, Land
Sub Type Single Family Rental Portfolio
Square Footage 23,116
Net Rentable (SqFt) 23,116
Units 11
Cap Rate 5.30%
Occupancy 100%
Tenancy Multi
Class A
Year Built 2023
Buildings 11
Investment Type Stabilized
Sale Condition For sale by owner

🏡 11 New Homes in Houston – Turnkey Rental Portfolio with 5.3% Cap Rate & Strong Cash Flow! 🚀

Marketing description

Investment Opportunity – Elysium at Rachel on Rachel Morning

📍 Houston, TX | 11-Home Portfolio | Offered at $,4,125,000 | 5.3% Cap Rate

Institutional-Quality Rental Portfolio in One of Houston’s Fastest-Growing Submarkets

Elysium at Rachel on Rachel Morning presents a rare opportunity to acquire a newly constructed 11-home rental portfolio designed for long-term cash flow, low maintenance ownership, and future appreciation. Located in a rapidly developing Houston corridor, this portfolio offers investors immediate income potential with stabilized rental performance and professionally designed housing product.

Portfolio Overview

  • Community: Elysium at Rachel on Rachel Morning – Houston, Texas
  • Total Homes: 11 Single-Family Residences
  • Average Price Per Home: $335,000
  • Total Portfolio Price: $4,125,000
  • Home Configuration: 3 Bedrooms | 2.5 Bathrooms
  • Estimated Rental Rates: $2,450 per month
  • Projected Monthly Revenue: $26,950
  • Projected Annual Revenue: $323,400
  • Tax Rate: 2.2%

Financial Overview

Revenue

  • Total Monthly Rental Income: $26,950
  • Projected Annual Gross Income: $323,400

Monthly Operating Expenses

  • Property Taxes: $6,050/month
  • Insurance: $1,650/month
  • HOA: $1,100/month
  • Total Monthly Expenses: $8,800/month

Net Operating Income

  • Projected Monthly NOI: $18,150
  • Projected Annual NOI: $217,800

Investment Metrics

  • Portfolio Cap Rate: 5.3%
  • Estimated Average Rent Per Unit: Approximately $2,450/month

Investment Highlights

  • New Construction Portfolio
  • Modern, energy-efficient homes designed to minimize maintenance and operating costs.
  • Stabilized Rental Product
  • Strong projected rents in an area experiencing continued population and rental demand growth.
  • Bulk Portfolio Acquisition
  • Ability to acquire all 11 homes in a single transaction with operational efficiencies and scale.
  • Long-Term Appreciation Potential
  • Positioned within a rapidly developing Houston submarket with strong future upside.
  • Turnkey Investment Opportunity
  • Ideal for private equity groups, family offices, 1031 exchange buyers, and long-term hold investors.
  • Low-Maintenance Asset Class
  • New construction reduces near-term capital expenditures and repair exposure.

Why Houston?

  • One of the fastest-growing metropolitan areas in the United States
  • Continued population migration and job growth
  • Strong demand for attainable rental housing
  • Favorable landlord environment
  • No state income tax
  • Expanding infrastructure and economic development throughout Houston’s urban core

Community Features

  • Brand-new construction homes
  • Contemporary floor plans with functional layouts
  • Energy-efficient systems and materials
  • Professionally maintained HOA community
  • Convenient access to major freeways, employment centers, retail, and schools

Investment Summary

Elysium at Rachel on Rachel Morning delivers a compelling blend of immediate cash flow, scalable portfolio acquisition, and long-term appreciation potential in one of Houston’s most active growth corridors. With strong projected income, new construction advantages, and institutional-quality product, this portfolio represents a strategic opportunity for investors seeking stable residential rental assets.

Contact Information

Bruno

📞 (281) 986-9003

📧 [email protected]

Investment highlights

Investment Opportunity – Elysium at Rachel on Rachel Morning

📍 Houston, TX | 11-Home Portfolio | Offered at $,4,125,000 | 5.3% Cap Rate

Institutional-Quality Rental Portfolio in One of Houston’s Fastest-Growing Submarkets

Elysium at Rachel on Rachel Morning presents a rare opportunity to acquire a newly constructed 11-home rental portfolio designed for long-term cash flow, low maintenance ownership, and future appreciation. Located in a rapidly developing Houston corridor, this portfolio offers investors immediate income potential with stabilized rental performance and professionally designed housing product.

Portfolio Overview

  • Community: Elysium at Rachel on Rachel Morning – Houston, Texas
  • Total Homes: 11 Single-Family Residences
  • Average Price Per Home: $335,000
  • Total Portfolio Price: $4,125,000
  • Home Configuration: 3 Bedrooms | 2.5 Bathrooms
  • Estimated Rental Rates: $2,450 per month
  • Projected Monthly Revenue: $26,950
  • Projected Annual Revenue: $323,400
  • Tax Rate: 2.2%

Financial Overview

Revenue

  • Total Monthly Rental Income: $26,950
  • Projected Annual Gross Income: $323,400

Monthly Operating Expenses

  • Property Taxes: $6,050/month
  • Insurance: $1,650/month
  • HOA: $1,100/month
  • Total Monthly Expenses: $8,800/month

Net Operating Income

  • Projected Monthly NOI: $18,150
  • Projected Annual NOI: $217,800

Investment Metrics

  • Portfolio Cap Rate: 5.3%
  • Estimated Average Rent Per Unit: Approximately $2,450/month

Investment Highlights

  • New Construction Portfolio
  • Modern, energy-efficient homes designed to minimize maintenance and operating costs.
  • Stabilized Rental Product
  • Strong projected rents in an area experiencing continued population and rental demand growth.
  • Bulk Portfolio Acquisition
  • Ability to acquire all 11 homes in a single transaction with operational efficiencies and scale.
  • Long-Term Appreciation Potential
  • Positioned within a rapidly developing Houston submarket with strong future upside.
  • Turnkey Investment Opportunity
  • Ideal for private equity groups, family offices, 1031 exchange buyers, and long-term hold investors.
  • Low-Maintenance Asset Class
  • New construction reduces near-term capital expenditures and repair exposure.

Why Houston?

  • One of the fastest-growing metropolitan areas in the United States
  • Continued population migration and job growth
  • Strong demand for attainable rental housing
  • Favorable landlord environment
  • No state income tax
  • Expanding infrastructure and economic development throughout Houston’s urban core

Community Features

  • Brand-new construction homes
  • Contemporary floor plans with functional layouts
  • Energy-efficient systems and materials
  • Professionally maintained HOA community
  • Convenient access to major freeways, employment centers, retail, and schools

Investment Summary

Elysium at Rachel on Rachel Morning delivers a compelling blend of immediate cash flow, scalable portfolio acquisition, and long-term appreciation potential in one of Houston’s most active growth corridors. With strong projected income, new construction advantages, and institutional-quality product, this portfolio represents a strategic opportunity for investors seeking stable residential rental assets.

Contact Information

Bruno

📞 (281) 986-9003

📧 [email protected]

Listing Contacts

TK
TX 571786
Compass RE Texas
Listed by Compass RE Texas

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Additional Information

Name
Bruno Rodriguez
License
#713067
Brokerage
Compass
Title
Broker of Record
Name
Thai Klam
License
571786
Brokerage
Compass
Title
Broker Associate | Team Leader
Brokerage Address
4200 Westheimer
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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