22-Unit Multifamily in Houston, TX

(address on request) offers investors the opportunity to acquire a recently renovated 22-unit multifamily asset in Houston, either individually or together with neighboring (address on request) as a 38-unit portfolio.

The property consists of 16 two-bedroom/one-bath units and 6 one-bedroom/one-bath units. At projected stabilized rents of $1,050 for the two-bedroom units and $900 for the one-bedroom units, the property generates approximately $266,400 in stabilized annual gross scheduled rent. Using a conservative 45% operating expense assumption, projected stabilized NOI is approximately $146,520.

Ownership has completed substantial recent improvements, including new flooring, kitchen cabinetry, Formica countertops, bathroom vanities and fixtures, interior paint, and several replacement windows. The property currently has an existing tenant base, giving an incoming owner immediate income while providing additional upside through continued lease-up.

Portfolio Opportunity: (address on request) can also be acquired together with (address on request), a nearby 16-unit multifamily property that recently completed an extensive renovation and received its Certificate of Occupancy. 6840 consists of 12 two-bedroom/one-bath units and 4 one-bedroom/one-bath units and is currently in initial lease-up.

Together, the properties provide 38 units and approximately $484,800 in projected stabilized annual gross rent, offering a buyer immediate scale and the opportunity to capture the remaining lease-up upside across the portfolio.

Properties are available individually or as a portfolio, with preferred pricing available for a combined acquisition.

22-Unit Renovated Multifamily | Available Individually or as Part of 38-Unit Portfolio