713-783-6262
2200 Wirt Rd, Houston, TX for Sale
Apartments - FOR SALE
1/11
null | Request Cap Rate

2200 Wirt Rd
Houston, TX 77055


HIGHLIGHTS

  • Spring Branch in Northwest Houston location
  • The owner states that since 2022 they have expended over $363K in CAPX
  • Possible upside with continued improvements
  • Zoned to the Spring Branch I.S.D.
  • Good Central Location - Less than five miles to I-10, Hwy 290, Loop 610, Less than 7 miles to Memorial City, Houston Galleria and Uptown

OVERVIEW

The Concord Apartment Community is a rare opportunity for an investor to purchase an apartment community located in the highly popular Spring Branch area of northwest Houston, TX. The property has good potential upside with continued improvements. It is located in the Spring Branch area in northwest Houston, just outside the 610 Loop. The Spring Branch apartment market is a stable rental market and historically has seen very little asset turnover when compared to other areas of Houston. Due to the demographics of the area most owners tend to hold their assets long term. The historically low "for sale" inventory, along with the infill location, and market statistics has allowed for above average sale prices when compared to the same size and age asset in most other areas that are outside loop 610. The current owner has expended approximately $363K in capital improvements since 2022. Some of the improvements include Parking Lot Re-Pavement, new Property Entrance Sign, new Exterior Siding on 2 of the 4 buildings, many new HVAC's throughout the property, new Cameras throughout the property, Upgrades in Bathrooms, Granite Counters in some units, some new Flooring and some new Cabinetry (see unit by unit improvements page in the Property Overview section). The Preceding was provided by the owner, and the broker makes no representation or warranties as to its accuracies. The owner states that are continuing to upgrade the interiors of the units. The property just completed their Habitability Inspections.

FOR SALE DETAILS

PRICE

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# OF UNITS

138

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Concord Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.14 AC

LAND SF

180,338 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jim HurdHouston Income Properties, Inc.More Info
713-783-6262

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Jim HurdHouston Income Properties, Inc.More Info
713-783-6262

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