203 Danna Ln | 203 Danna ln
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203 Danna Ln 203 Danna ln
4 Unit Apartment Building $950,000 ($237,500/Unit) 6.40% Cap Rate Houston, TX 77009
Investment Highlights
- Brand new 2024 construction, completed October 2024
- Northside Village is a rapidly evolving submarket, gaining attention for its proximity to major urban hubs, revitalization efforts
- Houston’s cost of living is 6% lower than the national average (Payscale)
- 7 minutes from downtown Houston, which boasts a strong job market and is near the Texas Medical Center, the largest medical center in the nation
- This submarket offers strong rent growth potential due to ongoing neighborhood revitalization, new developments, METRORail expansion
- The property is located near attractions like White Oak Music Hall, The Houston Farmers Market, and various restaurants and retail
Executive Summary
The property is located near attractions like White Oak Music Hall, The Houston Farmers Market, and various restaurants and retail, offering convenient access to live music, fresh produce, and shopping.
Broker of Record
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
Broker of Record
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
Property Facts
| Price | $950,000 | Building Class | B |
| Price Per Unit | $237,500 | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 4,200 SF |
| Cap Rate | 6.40% | No. Stories | 2 |
| No. Units | 4 | Year Built | 2024 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $950,000 |
| Price Per Unit | $237,500 |
| Sale Type | Investment |
| Cap Rate | 6.40% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 4,200 SF |
| No. Stories | 2 |
| Year Built | 2024 |
| Opportunity Zone |
Yes |
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PROPERTY TAXES
| Parcel Number | 1463000010002 | Improvements Assessment | $0 |
| Land Assessment | $85,092 | Total Assessment | $85,092 |
PROPERTY TAXES
Parcel Number
1463000010002
Land Assessment
$85,092
Improvements Assessment
$0
Total Assessment
$85,092
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Luke Matthews -
Makenna Keene -
Patrick Graham -
Matthews Real Estate Investment Services
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203 Danna Ln | 203 Danna ln
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