2917-2919 Ashley St - Apartments FOR SALE


Houston, TX 77017- Park Place
$1,150,000 USD
281-451-8437
2917-2919 Ashley St, Houston, TX for Sale
$1,150,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

2917-2919 Ashley St
Houston, TX 77017
Park Place


HIGHLIGHTS

  • Stable Income
  • Low Operating Costs
  • Low Maintenance
  • Increased Revenue Potential

OVERVIEW

Kevin Riles Commercial is pleased to offer this exceptional investment opportunity in Houston’s Park Place neighborhood! This 12-unit apartment complex offers a unique mix of long-term and short-term rental income, making it ideal for a first-time multifamily investor or a seasoned buyer looking to expand their portfolio. Property Highlights: -12 one-bedroom units - Six units currently operating as Airbnb rentals – fully furnished and recently updated - Six traditional rental units – offering an opportunity to renovate and increase value - Upgraded parking lot and recent capital improvements completed by the current owner - Potential for higher revenue by converting additional units to short-term rentals Prime Location: - Near 610 South & I-45 South for easy accessibility - Just north of Houston Botanic Garden - 13 minutes to Hobby Airport - 20 minutes to Downtown Houston Whether you're looking for steady cash flow through long-term rentals or maximizing returns via short-term stays, this property provides flexibility and growth potential. Don’t miss this opportunity to own a strategically located asset in Houston’s thriving rental market!

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$186 USD /SF

# OF UNITS

12

PRICE/UNIT

$95,833

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12 Unit Apartment Complex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

0283260090012

ASK ABOUT THIS PROPERTY

Kevin Riles, CCIMKevin Riles CommercialMore Info
281-451-8437

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Kevin Riles, CCIMKevin Riles CommercialMore Info
281-451-8437

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