6210 Laura Koppe Rd - Apartments FOR SALE


Houston, TX 77016- Trinity-Houston Gardens
$875,000 USD
281-908-6100
6210 Laura Koppe Rd, Houston, TX for Sale
$875,000 USD
Apartments - FOR SALE
1/19
null | 10.89% Cap Rate

6210 Laura Koppe Rd
Houston, TX 77016
Trinity-Houston Gardens


HIGHLIGHTS

  • 6210 Laura Koppe Road presents an 11-unit apartment complex totaling 6,200 square feet among three lots.
  • In Northeast Houston just minutes from major freeways and less than 15 minutes from Downtown Houston.
  • Strong occupancy multifamily with lots of room for additional units, leading to even further cash flow.
  • Presented to the market with a 10.6% cap rate.

OVERVIEW

Welcome to 6210 Laura Koppe Road, an 11-unit multifamily asset with great cash flow and upside potential to tap into. The unit mix consists of two one-bedroom/one-bath (all brick building) and nine studios (4Plex studios and remaining studios in the brick building). Immense value-add is feasible via additional units added to the expansive lot, capital expenditure, and rent increases at or above market rent. The Trinity-Houston Gardens area is a proven area with rehabs and brand-new developments. Its rapid growth and strategic location have created an appetizing demand for properties and land, thereby increasing the quality of the real estate owned throughout this area.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$141 USD /SF

# OF UNITS

13

PRICE/UNIT

$67,308

CAP RATE

10.89%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

Commercial

APN/PARCEL ID

0730710020032

ASK ABOUT THIS PROPERTY

Eduardo PenaP-95 CapitalMore Info
281-908-6100

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Eduardo PenaP-95 CapitalMore Info
281-908-6100

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