713-452-4335
815 Autumnwood Dr, Houston, TX for Sale
Apartments - FOR SALE
1/4
null | Request Cap Rate

815 Autumnwood Dr
Houston, TX 77013


HIGHLIGHTS

  • A turnkey cash-flowing asset that would be a fantastic addition to any portfolio
  • Extremely favorable assumable loan at just 3.79% that is fixed into 2027
  • Investors can enjoy cash flow from day 1 with the property currently netting over $25,000/month after debt service

OVERVIEW

Marcus & Millichap is pleased to present this meticulously maintained 119-unit apartment complex, originally built in 1974, rebuilt in 2012, and renovated in 2018, the property boasts favorable financing through assumption and is located at 815 Autumnwood Dr in Houston, Texas. The complex is comprised of 73 one-bedroom units / 41 two-bedroom units / 2 three-bedroom units / 2 efficiency units and 1 four-bedroom unit. Property amenities include on-site management, a leasing office, laundry facilities, reserved parking, and a park and playground for tenants' use. Since its reconstruction, the property has been exceptionally well-kept and consistently boasts high occupancy, all while operating at a very efficient rate. This investment opportunity offers immediate cash flow, with the potential to increase rents and explore expansion possibilities with the included 2.5 acres of vacant land, providing investors with both stability and growth potential.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

119

CAP RATE

Request Cap Rate

% LEASED

99%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Forest Palm Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

119

LAND DETAILS

LAND ACRES

2.75 AC

LAND SF

119,790 SF

ZONING

-

APN/PARCEL ID

1153540000003

ASK ABOUT THIS PROPERTY

Andrew NashMarcus & MillichapMore Info
713-452-4335

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

Andrew NashMarcus & MillichapMore Info
713-452-4335

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