8330 Carvel Ln - Apartments FOR SALE


Houston, TX 77036- Sharpstown
$8,150,000 USD
832-356-8746
8330 Carvel Ln, Houston, TX for Sale
$8,150,000 USD
Apartments - FOR SALE
1/33
null | 6.97% Cap Rate

8330 Carvel Ln
Houston, TX 77036
Sharpstown


HIGHLIGHTS

  • 8330 Carvel Lane is home to a beautiful 76-unit apartment complex with an outdoor community pool and playground.
  • In an ideal location among the heart of Houston in the Sharpstown neighborhood with restaurants, shops, hospitals, and more nearby.
  • The apartment complex is near multiple public transit stops and is clean, well-maintained, and offers modern amenities throughout.
  • Investor upside via room-for-rent increases currently being 15% below market rate with recent on-site renovations.
  • Inquire today to attend the open house on Saturday, March 8th from 1 - 3 pm.

OVERVIEW

8330 Carvel Lane's 76-unit multifamily complex property is in excellent shape, especially with the exterior and interior having been recently renovated. Sharpstown is a scenic Houston suburb with a waiting line for units here; there is also a general lack of inventory in SharpTown, enabling this sale to be high-priority with stabilized income and expenses. The location is excellent, being next to three public schools, a local temple, and a catholic church. Parking is not an issue with covered and uncovered parking on site. Residents enjoy the close proximity to the surrounding metro's popular points of interest, such as being two minutes from Bellaire Food Street. Inquire today for more information and attend the upcoming open house. We do require potential buyers to complete an NDA process; however, CapEX will be provided in a complete PostNDA. The buyer is looking to have an all-cash closing; there is no assumable loan term.

FOR SALE DETAILS

PRICE

$8,150,000 USD

PRICE/SF

$114 USD /SF

# OF UNITS

76

PRICE/UNIT

$107,237

CAP RATE

6.97%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

110

LAND DETAILS

LAND ACRES

2.27 AC

LAND SF

98,881 SF

ZONING

N/Ap, Houston

APN/PARCEL ID

0933340000003

ASK ABOUT THIS PROPERTY

Thé Trinh NguyenThe Realty TXMore Info
832-356-8746

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Thé Trinh NguyenThe Realty TXMore Info
832-356-8746

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