2011 Binz St
8 Unit Apartment Building $1,900,000 ($237,500/Unit) Houston, TX 77004
INVESTMENT HIGHLIGHTS
- 2011 Binz Street is an eight-unit apartment building with an all brick facade and historic charm.
- Value-add potential via implemented management and leasing strategy at market rates.
- Nestled in the Museum Park neighborhood, south of Downtown Houston.
- Each studio unit has ceiling fans, hardwood flooring throughout, and large windows for abundant natural light.
EXECUTIVE SUMMARY
2011 Binz Street presents an investor's value-add acquisition opportunity to acquire a charming and historical eight-unit Houston apartment complex. Each unit is a spacious studio with a kitchen, tub/ shower bathroom, living room and bedroom. There are hardwood floors throughout, and large windows for plentiful natural light.
Located in the Museum Park neighborhood of Houston, residents, university students, and young professionals are served-well by the METRORail to get around the community, and enjoy being in walkability of the area's museums and restaurants.
Located in the Museum Park neighborhood of Houston, residents, university students, and young professionals are served-well by the METRORail to get around the community, and enjoy being in walkability of the area's museums and restaurants.
PROPERTY FACTS
| Price | $1,900,000 |
| Price Per Unit | $237,500 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 7,016 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 2.85/1,000 SF |
UNIT AMENITIES
- Heating
- Kitchen
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 16 | - | - |
1 of 1
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 0420660000030 | Improvements Assessment | $185,459 |
| Land Assessment | $1,351,040 | Total Assessment | $1,536,499 |
CONTACT
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Cyndi Tudon - AM-CRE
