1849 Richmond Ave | Houston, TX 77098
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- LoopNet Team
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 | Building Size | 8,206 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1959 |
| Building Class | B | Parking Ratio | 1.22/1,000 SF |
| Lot Size | 0.20 AC | ||
| Zoning | B1 | ||
| 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 |
| Zoning | B1 |
AMENITIES
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
| Parcel Number | 0571220000002 | Improvements Assessment | $160,045 |
| Land Assessment | $966,345 | Total Assessment | $1,126,390 |
PROPERTY TAXES
Parcel Number
0571220000002
Land Assessment
$966,345
Improvements Assessment
$160,045
Total Assessment
$1,126,390
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