Available For Sale - Multifamily

40,194 SF | Show Pricing $

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Chris Maling
Avison Young, 213-618-3824
David Maling
Avison Young, 213-618-3825
Brandon Bean
Avison Young, 713-993-7163


40,194 SF
Show Pricing $
Listing ID
*Property is currently vacant and requires extensive renovations. Income & expenses have been estimated.

Offering Summary

Offering Price: $3,490,000

Proforma Cap Rate: 8.82%

Proforma Annual NOI: $307,882*

Price Per Unit: $54,531.25

Price Per Square Foot: $86.83

Building Area: ±40,194 SF

Land Area: ±2.25 AC

Parcel: 2775-0016-0700-003

Year Built: 1967

Parking: Surface Parking

Investment Highlights:

» 64 units including 1 and 2 bedrooms each with kitchen

and bathroom

» Ample surface parking

» On-site laundry facilities and clubhouse

» Close proximity to Interstate 45

» Within 1 mile of National Credit Tenants including

McDonald’s, Jack in the Box, and Circle K as well as a

few local restaurants

» Value-add opportunity through renovation and

releasing to realize the upside potential

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Chris Maling, Avison Young