2703 Mason St - Apartments FOR SALE


Houston, TX 77006- Montrose
$2,900,000 USD
713-480-0002
2703 Mason St, Houston, TX for Sale
$2,900,000 USD
Apartments - FOR SALE
1/34
null | 5.48% Cap Rate

2703 Mason St
Houston, TX 77006
Montrose


HIGHLIGHTS

  • Unbeatable Walkability!
  • Brand New Dipping Pool and Hot Tub!
  • Minutes from Downtown, Famous Midtown Night Life, Museum District, and World renowned Houston Medical Center!

OVERVIEW

NEWLY REMODELED LUXURY boutique living in the heart of the Montrose area. UNBEATABLE walkability! Brand new quarter-million dollar dipping pool and SPA! Open YEAR ROUND! THAT'S RIGHT! Hot Tub will be HEATED in the winter time! PERFECT for those days of after-work relaxation! Two blocks from Westheimer, and 5 minutes from Downtown. Modern looking property, units include refrigerator, stove, microwave, washer and dryer. Doggy Park on the side of the building! The property consists of sixteen (16) units and serves its residents with on site parking. 7/16 UNITS were updated in 2024 including, upgraded electrical, plumbing, new floors, appliances, new roof and exterior paint. Brand new everything inside and out! The property is unrestricted and the majority of units are below market rent which gives an investor multiple opportunities to add value.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$301 USD /SF

# OF UNITS

16

PRICE/UNIT

$181,250

CAP RATE

5.48%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2703 Mason

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

B1

APN/PARCEL ID

0041360000009

ASK ABOUT THIS PROPERTY

Boris SanchezSanmore Investments, LLCMore Info
713-480-0002

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Boris SanchezSanmore Investments, LLCMore Info
713-480-0002

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