44-Unit Multifamily in Houston, TX

🏢 44-UNIT MULTIFAMILY INVESTMENT OPPORTUNITY | HOUSTON, TX

📍 Brockvue Apartments (address on request)

💰 Asking Price: $2,860,000 🏘️ Units: 44 💵 Current NOI: $156,320 📈 Pro Forma NOI: $207,738 📊 Pro Forma Cap Rate: 7.26% 🏢 Occupancy: 88.6% 🏗️ Year Built: 1969 📐 Land Size: 1.26 Acres 🏷️ Property Class: C

🔥 INVESTMENT HIGHLIGHTS

✅ Attractive entry price of approximately $65,000 per unit ✅ Existing income with potential for increased cash flow ✅ Value-add opportunity through professional management and expense optimization ✅ Potential to improve occupancy toward 95% ✅ NOI growth potential without relying on extensive renovations ✅ Located in Houston's multifamily market

📊 THE INVESTMENT STRATEGY

Brockvue Apartments offers investors the opportunity to improve property performance through better management, rent optimization, stronger collections, and expense control.

The broker's pro forma projects NOI growth from $156,320 to $207,738, creating potential for improved operating performance under new ownership.

🎯 Ideal for investors seeking cash-flowing multifamily assets with operational upside.

📩 Interested in this opportunity? Send me a DM for more information.

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Poster's replies in the comments: Cre Krc The property's current cap rate is 7.45%, with the potential to increase to 9.17% through NOI growth and operational improvements.

The projected 5-year IRR is 23.5%–25%, based on normalizing NOI margins to market standards, modest rent increases over five years, and an assumed exit cap rate of 6.5% in a favorable seller's market.

Please note that the 9.17% cap rate and 5-year IRR are projections, not guaranteed results. I can provide the supporting financials for further review.