7330 Lindencrest St - Apartments FOR SALE


Houston, TX 77061
$599,000 USD
334-604-3856
7330 Lindencrest St, Houston, TX for Sale
$599,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

7330 Lindencrest St
Houston, TX 77061


HIGHLIGHTS

  • Motivated seller so, bring your best offer

OVERVIEW

Motivated seller so, bring your best offer This 13 units multi-family for sale near Hobby Airport, Houston TX. Motivated seller. Please contact Phone & Text 334-604-3856 email: 975rent@gmail.com. ***Please note that one of three buildings with 5 units has fire damage. 2 remaining buildings have 8 units 100% occupied. This is less than $75K a door for 8 remaining units “AS IS” is a great deal. This price is "AS IS" cash to close.*** The 5 unit building is a 3800 sq ft building used to have 4 units on the 2nd floor and 1 unit on the 1st floor. Remaining spaces on the 1st floor used to be storage and parking. Buyer might convert the storage and parking spaces on the 1st floor to an additional 3 units. In other words, the buyer can restore the 3800 sq ft building and make it a 8 units building instead of 5 to add value to property. After restore value for this 3800 sq ft building with 8 units should be about $100K a door or ARV of $800K. The cost of restoration can vary contractor to contractor. However, if the cost is $100 per sq ft then it would cost about $380K to restore the building for a ARV of $800K. Seller or the broker does not guaranteed the cost or ARV. You should do your own due diligence for the project.

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$70 USD /SF

# OF UNITS

13

PRICE/UNIT

$46,077

CAP RATE

Request Cap Rate

% LEASED

61%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

NA

APN/PARCEL ID

0600170290010

ASK ABOUT THIS PROPERTY

Jacob KhanIRP LINDENCREST TX LLCMore Info
334-604-3856

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Jacob KhanIRP LINDENCREST TX LLCMore Info
334-604-3856

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