1200 Carolyn Ct - Apartments FOR SALE


Humble, TX 77338- Lake Houston
$1,950,000 USD
281-809-4006
1200 Carolyn Ct, Humble, TX for Sale
$1,950,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

1200 Carolyn Ct
Humble, TX 77338
Lake Houston


HIGHLIGHTS

  • Significant potential for rent increases to align with market rates.
  • Over $260,000 invested in capital improvements, ensuring the property remains well-maintained and attractive to tenants.
  • Durable TPO roof installed in 2015, with a history of annual inspections and documented repairs to maintain its condition.
  • Energy-efficient LED exterior lighting installed throughout the property, enhancing safety and reducing operational costs.
  • Extensive renovations completed on 18 of the 26 units, providing modern and updated interiors for residents.
  • Conveniently located near major employers, shopping, dining, and IAH Airport, offering excellent accessibility and tenant appeal.

OVERVIEW

Matthews Real Estate Investment Services is pleased to present the Carolyn Court Apartments to the market for investment acquisition. The beautiful courtyard features a fenced-in pool and a relaxing gazebo, perfect for outdoor gatherings and leisure. An on-site laundry room is equipped with four washers and four dryers, providing convenience for residents. The property is secured with four gated entrances and a comprehensive security camera system covering all exterior areas. Covered parking spaces are available for select units, offering added protection for residents' vehicles. Utilities are included in residents' rent: gas, water, and sewer, with electric service individually metered for each unit. Broker of Record: Patrick Graham, License No. 9005919 (TX) | (866) 889-0550 Matthews Real Estate Investment Services, Inc 8300 Douglas Ave., Ste. 750, Dallas, TX 75225

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$116 USD /SF

# OF UNITS

26

PRICE/UNIT

$75,000

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carolyn Court Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,801 SF

ZONING

-

APN/PARCEL ID

0431500120027,0431500120028

ASK ABOUT THIS PROPERTY

Luke MatthewsMatthews Real Estate Investment ServicesMore Info
281-809-4006

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Luke MatthewsMatthews Real Estate Investment ServicesMore Info
281-809-4006

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.