832-229-9426
12302 Boreas Dr, Houston, TX for Sale
Apartments - FOR SALE
1/34
null | Request Cap Rate

12302 Boreas Dr
Houston, TX 77039


HIGHLIGHTS

  • 90% occupied, 10 units in high demand location
  • Value add deal with under market rents & opportunity to optimize utility expenses
  • Quick access to I-69, I-45, Beltway 8, Hardy Toll Road and Downtown Houston. Located directly next to schools & blue collar employment hub

OVERVIEW

90% occupied, 10 units, value add deal with under market rents & opportunity to optimize utility expenses. Located in Aldine with access to strong renter base seeking rental housing. Quick access to I-69, I-45, Beltway 8, Hardy Toll Road and Downtown Houston. Located directly next to schools & blue collar employment hub. Boreas Apartments, located in North Houston's bustling Aldine area at 12302 Boreas Dr., offer an outstanding investment opportunity. Featuring 10 spacious units (all 2 Bed & 1 Bath), this property's prime location near schools and major highways like I-69 and I-45 makes it highly desirable for families seeking housing solution with convenience and accessibility. With the median home price in the area skyrocketing to $192,702—a remarkable 10% year-over-year increase—Boreas Apartments emerge as a top-notch value-add prospect. Notably, rents at this property are currently under market value, presenting investors with a unique opportunity for immediate upside potential. By strategically renovating both the interior and exterior of the property and implementing RUBS to optimize utility expenses, investors can unlock the full potential of this property, maximizing cash flow and long-term returns. Don't miss out on the chance to capitalize on the area's robust rent growth and secure your investment in Boreas Apartments today!

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

10

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

None

APN/PARCEL ID

0471660000075

ASK ABOUT THIS PROPERTY

Kamil PatelPartnersMore Info
832-229-9426

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Kamil PatelPartnersMore Info
832-229-9426

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