415 Fairview St - Apartments FOR SALE


Houston, TX 77006- Montrose
$1,759,000 USD
713-622-9339
415 Fairview St, Houston, TX for Sale
$1,759,000 USD
Apartments - FOR SALE
1/13
null | 7.5% Cap Rate

415 Fairview St
Houston, TX 77006
Montrose


HIGHLIGHTS

  • Premier Montrose Location
  • Eight units on long term rentals with great returns.
  • Ninth unit is currently used as storage but could easily be converted to a rentable unit.
  • Frontage on Fairview Street

OVERVIEW

Investors!!! What a great opportunity to own a multifamily rental unit in the heart of Montrose. Property contains 9 total units. Eight units on long term rentals with great returns. Washer/Dryer and Refrigerator included. On-Site parking. NEW ROOF April 2025. Ninth unit is was just updated/remodeled and available for lease.. Great Montrose location and walking distance to several area cafes, bars, retail etc.

FOR SALE DETAILS

PRICE

$1,759,000 USD

PRICE/SF

$277 USD /SF

# OF UNITS

9

PRICE/UNIT

$195,444

CAP RATE

7.5%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Las Lilas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,001 SF

ZONING

N/A

APN/PARCEL ID

0140760000008

ASK ABOUT THIS PROPERTY

Marilyn MartinezBeth Wolff RealtorsMore Info
713-622-9339

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Marilyn MartinezBeth Wolff RealtorsMore Info
713-622-9339

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