12302 Boreas Dr
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12302 Boreas Dr
10 Unit Apartment Building For Sale Houston, TX 77039
Investment Highlights
- 90% occupied, 10 units in high demand location
- Quick access to I-69, I-45, Beltway 8, Hardy Toll Road and Downtown Houston. Located directly next to schools & blue collar employment hub
- Value add deal with under market rents & opportunity to optimize utility expenses
Executive Summary
90% occupied, 10 units, value add deal with under market rents & opportunity to optimize utility expenses. Located in Aldine with access to strong renter base seeking rental housing. Quick access to I-69, I-45, Beltway 8, Hardy Toll Road and Downtown Houston. Located directly next to schools & blue collar employment hub.
Boreas Apartments, located in North Houston's bustling Aldine area at 12302 Boreas Dr., offer an outstanding investment opportunity. Featuring 10 spacious units (all 2 Bed & 1 Bath), this property's prime location near schools and major highways like I-69 and I-45 makes it highly desirable for families seeking housing solution with convenience and accessibility. With the median home price in the area skyrocketing to $192,702—a remarkable 10% year-over-year increase—Boreas Apartments emerge as a top-notch value-add prospect. Notably, rents at this property are currently under market value, presenting investors with a unique opportunity
for immediate upside potential. By strategically renovating both the interior and exterior of the property and implementing RUBS to optimize utility expenses, investors can unlock the full potential of this property, maximizing cash flow and long-term returns. Don't miss out on the chance to capitalize on the area's robust rent growth and secure your investment in Boreas Apartments today!
Boreas Apartments, located in North Houston's bustling Aldine area at 12302 Boreas Dr., offer an outstanding investment opportunity. Featuring 10 spacious units (all 2 Bed & 1 Bath), this property's prime location near schools and major highways like I-69 and I-45 makes it highly desirable for families seeking housing solution with convenience and accessibility. With the median home price in the area skyrocketing to $192,702—a remarkable 10% year-over-year increase—Boreas Apartments emerge as a top-notch value-add prospect. Notably, rents at this property are currently under market value, presenting investors with a unique opportunity
for immediate upside potential. By strategically renovating both the interior and exterior of the property and implementing RUBS to optimize utility expenses, investors can unlock the full potential of this property, maximizing cash flow and long-term returns. Don't miss out on the chance to capitalize on the area's robust rent growth and secure your investment in Boreas Apartments today!
Property Facts
| Sale Type | Investment | Building Class | C |
| Sale Conditions | Deferred Maintenance | Lot Size | 0.50 AC |
| No. Units | 10 | Building Size | 5,280 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Townhome | Year Built | 1985 |
| Sale Type | Investment |
| Sale Conditions | Deferred Maintenance |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 5,280 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1985 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | 528 |
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PROPERTY TAXES
| Parcel Number | 0471660000075 | Improvements Assessment | $392,380 |
| Land Assessment | $81,675 | Total Assessment | $474,055 |
PROPERTY TAXES
Parcel Number
0471660000075
Land Assessment
$81,675
Improvements Assessment
$392,380
Total Assessment
$474,055
zoning
| Zoning Code | None |
| None |
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12302 Boreas Dr
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