3501 N Macgregor Way - Apartments FOR SALE


Houston, TX 77004- MacGregor
$6,800,000 USD
713-523-7402
3501 N Macgregor Way, Houston, TX for Sale
$6,800,000 USD
Apartments - FOR SALE
1/30
null | Request Cap Rate

3501 N Macgregor Way
Houston, TX 77004
MacGregor


HIGHLIGHTS

  • The Dynasty Apartments, at 3501 N MacGregor Way, present a 96-unit apartment complex with recent updates.
  • Conveniently located near Houston's Medical Center, a highly-populated realm with strong renter demand.
  • The Dynasty Apartments unit-mix consists of one and two-bedroom units.
  • Houston's MacGregor neighborhood is an urban-suburban node in Houston's Third Ward.

OVERVIEW

EXP Realty is pleased to present The Dynasty Apartments to the market of investor or developer acquisition. The property is a 96-unit apartment complex comprising 60 one-bed/ one-bath units and 36 two-bed/ one-and-a-half-bath units. 3501 N MacGregor Way is situated on a 2.65-acre corner lot, enabling easy accessibility and visibility. The Dynasty Apartments cater to the demand of renters in Houston's east Medical Center Area and have been well-maintained over time. There is upside potential to tap into via interior and exterior upgrades and renovations to enable at or above market-rate rents.

FOR SALE DETAILS

PRICE

$6,800,000 USD

PRICE/SF

$111 USD /SF

# OF UNITS

96

PRICE/UNIT

$70,833

CAP RATE

Request Cap Rate

% LEASED

25%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Dynasty Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

100

LAND DETAILS

LAND ACRES

2.65 AC

LAND SF

115,521 SF

ZONING

-

APN/PARCEL ID

0410310330014

ASK ABOUT THIS PROPERTY

Gerald WomackWomack Development & InvestmentMore Info
713-523-7402

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Gerald WomackWomack Development & InvestmentMore Info
713-523-7402

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