Highlights: This well-maintained multi-family property presents a compelling investment opportunity in a strategic Houston location. Built in 2020 and boasting a high occupancy rate, this property offers immediate cash flow and attractive features for both tenants and owners.
Key Features:
*Strong Occupancy: Currently operating at an impressive 97% occupancy, ensuring consistent rental income.
*Modern Construction: Built in 2020, the property benefits from contemporary design and construction standards, potentially reducing near-term capital expenditures.
*Separately Metered Utilities: All units are separately metered for both water and electrical, allowing for efficient utility management and direct billing to tenants.
*Comprehensive Safety: Equipped with sprinkler systems throughout all buildings and units, providing enhanced safety and potentially lower insurance costs.
*Flexible Utility Options: While the majority of units are fully electric, one building includes gas, offering flexibility for tenant preferences.
*Ideal Unit Mix: Features a desirable mix of 35- 2 bed/1 bath units, 6- 2 bed/1.5 bath units, and 1- 1 bed/1 bath unit, catering to a broad tenant base.
*On-Site Management: Includes a dedicated on-site office, facilitating efficient property management. A local, part-time manager is currently in place.
*Ample Parking: Offers two reserved parking spots per unit, a significant amenity for residents.
*Strategic Industrial Proximity: Located less than five minutes from at least five major chemical and oil refineries, potentially attracting a consistent tenant pool working in these industries.
Investment Considerations:
This property offers a unique blend of modern construction, strong occupancy, and efficient utility management. The strategic location near major industrial hubs provides a consistent demand for rental housing. The existing on-site management and well-maintained condition contribute to a streamlined investment experience.
Don't miss this opportunity to acquire a high-performing multi-family asset in a key Houston location.