713-355-4646
1218 Jackson Blvd, Houston, TX for Sale
Apartments - FOR SALE
1/15
null | Request Cap Rate

1218 Jackson Blvd
Houston, TX 77006
Hyde Park


OVERVIEW

1218 Jackson is comprised of 3 separate buildings containing 26 units (25 one bedroom units and 1 two bedroom unit). Originally built in 1962 the property was owned by the same family until 2015 when it was sold to CJS Jackson 26 LLC. In 2016, the new owner invested in excess of $1.5 million renovating the complex bringing it literally down to the studs. Per Owner, each unit has been fully rehabbed featuring new wiring, plumbing, high efficiency HVAC, Low E aluminum windows, wood blinds, granite counter-tops, shaker style cabinetry, original red oak refinished hardwood flooring, stainless steel appliances, built-in microwaves and washer/dryers in each unit. The pet friendly community is gated with a landscaped courtyard. INVESTMENT ATTRIBUTES Urban infill location within close proximity to the CBD & Midtown Lack of near-town workforce housing. As Montrose/Midtown have densified older bungalows, duplexes and apartment complexes have been demolished to make way for high end townhouses and apartment complexes. Work force housing is diminishing at a rapid pace. Continued gentrification and population growth coupled with demolition of existing work force housing will provide an increasing pool of tenants. This asset is ideal for the smaller investor. The long term trend in Montrose is rising land values, and this property may eventually become a townhome property or some other higher use. The property is offered at a "Market Price". Broker suggests a whisper price of $4,100,000. There will be Open Houses to allow for a tour.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

26

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1218 Jackson Boulevard

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

-

APN/PARCEL ID

0180460000008

ASK ABOUT THIS PROPERTY

Tom WilkinsonKET Enterprises IncorporatedMore Info
713-355-4646

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Tom WilkinsonKET Enterprises IncorporatedMore Info
713-355-4646

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