3703 Seabrook St - Apartments FOR SALE


Houston, TX 77021
$669,900 USD
713-855-0588
3703 Seabrook St, Houston, TX for Sale
$669,900 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

3703 Seabrook St
Houston, TX 77021


HIGHLIGHTS

  • Add value
  • 100% Occupancy
  • Appreciation
  • No HOA
  • No Flood Zone

OVERVIEW

100% Occupied We are excited to present a remarkable investment opportunity in Houston's South Side – a collection of six (6) open-concept, 2 bedroom/1 bathroom apartments, each thoughtfully designed with features that prospective tenants find most appealing. Situated just a 10-minute drive from the Texas Medical Center, the Houston Zoo, and the NRG Stadium, this property is incredibly attractive to medical professionals, families, and sports enthusiasts alike. Each unit within this property boasts a well-planned layout that combines style with functionality. As you enter, you are welcomed by an exposed brick wall that adds a touch of character, and built-in bookshelves perfect for storage or decoration. The flooring consists of wood-plank and tile throughout, eliminating the need for carpet maintenance. Additionally, the kitchen is equipped with a gas-powered range and has connections for a washer and dryer. Both bedrooms feature tile flooring, as do the bathrooms, which are equipped with bathtubs . Value-Add Potential: There is significant value-add potential with this property by adding central air conditioning and appliances, which would justify higher rents and enhance the overall return on investment. Outdoor common area also has room for improvement. This presents an exciting opportunity for an investor to increase the property’s value and cash flow, while providing a more comfortable living environment for the tenants. This is a rare opportunity to acquire a property with strong fundamentals and significant upside potential. Act quickly to add this gem to your investment portfolio and unlock its full potential by implementing value-add strategies to increase rents and maximize your ROI. Don’t miss out on this chance to invest in Houston’s thriving South Side market. 3707 Unit 1 -950$ till 30th September 2024 3707 Unit 2 - 800$ till 31 March 2024 3707 Unit 3 - 950$ till 31 Dec 2024 3703 Unit 1 - 950$ till 1 May 2024 3707 Unit 2 - 950$ till Nov 1st 2024 3707 Unit 3- 950$ till 16th October 2024 TAX:6400$ INS: 6000$ Water:4200$ Grass Cutting : 1200$

FOR SALE DETAILS

PRICE

$669,900 USD

PRICE/SF

$152 USD /SF

# OF UNITS

6

PRICE/UNIT

$111,650

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,001 SF

ZONING

None

APN/PARCEL ID

0741520430008

ASK ABOUT THIS PROPERTY

Kate MyhanJPAR The Sears GroupMore Info
713-855-0588

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Kate MyhanJPAR The Sears GroupMore Info
713-855-0588

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