This Multifamily Property is no longer advertised on LoopNet.com.

1849 Richmond Ave
Houston, TX 77098

Multifamily Property For Sale · 16 Units

INVESTMENT HIGHLIGHTS

  • Centrally located within the Nearby Proximity of Houston’s Downtown and Galleria Areas
  • Recent Renovations in 2017
  • Data shows Continued Income and Population Growth for the Underlying Submarket over the Next Five Years
  • Appraisal on Hand Illustrating a Future Value of $3.5 Million following a Renovation of the Property - See Information Regarding Financing Below
  • The Subject Property's Submarket is currently Outperforming the Greater Houston Market and is Exhibiting Strong Fundamentals.

PROPERTY FACTS

No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.20 AC
Building Size 8,206 SF
Average Occupancy 100%
No. Stories 2
Year Built 1959
Parking Ratio 1.22/1,000 SF

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Refrigerator
  • Range
  • Tub/Shower

SITE AMENITIES

  • Laundry Facilities

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 8 - 575 - 600
Studios 8 - 410 - 450

PROPERTY TAXES

ZONING

Zoning Code B1
  • Listing ID: 30844424

  • Date on Market: 2/1/2024

  • Last Updated:

  • Address: 1849 Richmond Ave, Houston, TX 77098