Santa Fe Four Plex
Multifamily | 4 Units | $160,953/unit
Marketing description
Century 21 Tevas Commercial is pleased to present 7307 Avenue O, a fully leased four-unit residential property situated on a 1.50-acre lot in Santa Fe, Texas, within the Houston Bay Area / Galveston County corridor. The Property offers an investor a stabilized, cash-flowing multifamily asset with a diversified unit mix and a history of strong leasing velocity.
The Property underwent significant capital improvements in the 2019-2020 period, including full interior renovations and window replacement, supported by permit records on file with the City/County building department. Historical roofing work (2009 and 2014 full re-roofs, plus exterior siding replacement in 2014) further reduces near-term capital expenditure risk for a new owner.
All four units are currently leased, and management reports that units lease quickly upon turnover - a favorable indicator of rental demand in the submarket.
Investment highlights
- 100% occupied four-unit asset with a diversified unit mix ranging from two to five bedrooms
- Full interior renovation completed 2019-2020, including all-new windows and doors
- Re-roofed in 2009 and 2014, with exterior siding replacement in 2014
- 1.50-acre lot providing ample parking and outdoor space relative to comparable multifamily product
- Detached 10' x 10' storage room with HVAC and power, located between Units 1 and 3
- Located within Santa Fe ISD in the Galveston County / Houston Bay Area corridor
- Situated in FEMA Flood Zone X - outside the Special Flood Hazard Area
- Management reports consistent, fast unit turnover and strong rental demand
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