15357 W Little York Rd - Apartments FOR SALE


Houston, TX 77084
$14,750,000 USD
713-302-1123
15357 W Little York Rd, Houston, TX for Sale
$14,750,000 USD
Apartments - FOR SALE
1/5
null | 5.24% Cap Rate

15357 W Little York Rd
Houston, TX 77084


HIGHLIGHTS

  • The Northwest Houston area has experienced remarkable growth, making it a prime target for both local and international real estate investors.
  • Surrounded by thriving residential and commercial subdivisions, the property is situated in a location with high demand for housing and rental units.
  • Potential for mixed-use development by integrating retail office spaces on the ground floor, further enhancing the value of the investment.
  • This unique opportunity combines unparalleled location advantages and growth of area development.

OVERVIEW

This extraordinary investment opportunity is in one of the most sought after, high­ growth areas in Northwest Houston, Texas. Located near major highways, including US 1-10, US 290, Texas Highway 6, and Sam Houston Toll Road (Beltway 8), this property is effortlessly connected to the heart of Houston and beyond. The property consists of three buildings: One building fronts on West Little York Road and the other two buildings front on Baxter Avenue. The property is surrounded by essential establishments, including shopping centers, malls, schools, hospitals, medical facilities, office buildings, restaurants, and retail outlets. Its location guarantees convenience and a superior quality of life for future residents. This property also has great development opportunities offering a 54-unit townhouse apartment complex with 98% occupancy and has an annual income of $772,445. Each townhouse apartment has its own plated metes and bounds description. The expansive property is ideal for remodeling, and, or constructing a state-of-the-art high-rise condominium or apartment complex. Located in what is known as The Texas Triangle just outside of Houston with a metro population of 7,122,240, according to the U. S. Census. There is a robust demand for housing, making this property a lucrative opportunity for investment.

FOR SALE DETAILS

PRICE

$14,750,000 USD

PRICE/SF

$103 USD /SF

# OF UNITS

54

PRICE/UNIT

$273,148

CAP RATE

5.24%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Townhomes of Bear Creek

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.28 AC

LAND SF

142,877 SF

ZONING

None

APN/PARCEL ID

1144910110001

ASK ABOUT THIS PROPERTY

OJ StrieglerCentral Metro RealtyMore Info
713-302-1123

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OJ StrieglerCentral Metro RealtyMore Info
713-302-1123

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