18-Unit Multifamily in Houston, TX

Four Vacant Units Drive Near-Term Lease-Up

Lifting occupancy from 78% to a 95% stabilized level adds roughly $37K of pro forma rental income.

In-Place Rents Trail a Proven $1,050 Ceiling

Occupied units average $981 a month, while three leases already achieve $1,025 to $1,050 today.

Uniform 2BR/1BA Unit Mix Across 18 Units

All 18 units are 758 SF two-bedroom layouts in a gated community, simplifying turns and leasing.

Normalized Expenses Support $61K As-Is NOI

Adjusting T-12 repairs from $42,879 to $13,500 moves NOI from $36,649 to $61,280 on the as-is view.

Inside the 610 Loop, 4 Miles From Downtown

Highway 69 and Loop 610 connect residents to Downtown, Midtown, and the Texas Medical Center.

Onsite Laundry Adds Ancillary Income

Other income of $9,396 over the T-12, including onsite laundry, supplements rental revenue.