Bay House | 2041 San Sebastian Ct
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Bay House 2041 San Sebastian Ct
188 Unit Apartment Building $18,250,000 ($97,074/Unit) Houston, TX 77058
Investment Highlights
- 9Ft Ceilings, All Utilities Included, All-electric Kitchen, Balcony or Patio, Breakfast Bar
- Extra Storage, Furnished Available, Hardwood Floors, Mini Blinds, Pantry
- Walk-in Closets, Washer and Dryer Connections*, Washer and Dryer in Home*
- Cable Ready, Carpeted Floors, Ceiling Fans, Central Air and Heating, Dishwasher
- Refrigerator, Tile Floors, Vaulted Ceilings, Vertical Blinds, Views Available
Executive Summary
The Nassau Bay area, home to Bay House Apartments, is a thriving submarket within
Houston with strong demand for both residential and commercial properties. Its
proximity to Clear Lake and NASA's Johnson Space Center makes it a desirable location
for professionals, families, and investors alike.
Key Features of the Nassau Bay Real Estate Market:
High Demand: The area experiences consistent interest from renters and buyers due
to its location near major employment hubs, such as the aerospace sector anchored
by the Johnson Space Center.
Strong Rental Market: Properties in Nassau Bay command competitive rental rates,
with multi-family units like Bay House Apartments benefiting from steady occupancy
levels and a robust tenant pool.
Diverse Demographics: The population includes professionals, retirees, and families
seeking proximity to quality schools, recreational amenities, and Houston’s cultural
and economic offerings.
Stable Property Values: The area's strong employment base, amenities, and
waterfront attractions help stabilize property values, providing a reliable return on
investment for landlords and investors.
Amenities Driving Growth: Nassau Bay’s reputation for recreational opportunities,
including Clear Lake’s boating and fishing activities, as well as its retail and dining
options, enhances its attractiveness to both residents and prospective buyers.
Houston with strong demand for both residential and commercial properties. Its
proximity to Clear Lake and NASA's Johnson Space Center makes it a desirable location
for professionals, families, and investors alike.
Key Features of the Nassau Bay Real Estate Market:
High Demand: The area experiences consistent interest from renters and buyers due
to its location near major employment hubs, such as the aerospace sector anchored
by the Johnson Space Center.
Strong Rental Market: Properties in Nassau Bay command competitive rental rates,
with multi-family units like Bay House Apartments benefiting from steady occupancy
levels and a robust tenant pool.
Diverse Demographics: The population includes professionals, retirees, and families
seeking proximity to quality schools, recreational amenities, and Houston’s cultural
and economic offerings.
Stable Property Values: The area's strong employment base, amenities, and
waterfront attractions help stabilize property values, providing a reliable return on
investment for landlords and investors.
Amenities Driving Growth: Nassau Bay’s reputation for recreational opportunities,
including Clear Lake’s boating and fishing activities, as well as its retail and dining
options, enhances its attractiveness to both residents and prospective buyers.
Property Facts
| Price | $18,250,000 | Building Class | B |
| Price Per Unit | $97,074 | Lot Size | 5.35 AC |
| Sale Type | Investment | Building Size | 166,440 SF |
| No. Units | 188 | Average Occupancy | 53% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1984/2015 |
| Apartment Style | Garden | Parking Ratio | 1.94/1,000 SF |
| Price | $18,250,000 |
| Price Per Unit | $97,074 |
| Sale Type | Investment |
| No. Units | 188 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 5.35 AC |
| Building Size | 166,440 SF |
| Average Occupancy | 53% |
| No. Stories | 2 |
| Year Built/Renovated | 1984/2015 |
| Parking Ratio | 1.94/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Storage Space
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Vaulted Ceiling
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Handrails
- Patio
- Trash Compactor
- Vinyl Flooring
- Warming Drawer
- Wheelchair Accessible (Rooms)
- Window Coverings
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Controlled Access
- Fitness Center
- Laundry Facilities
- Playground
- Pool
- Property Manager on Site
- Tenant Controlled HVAC
- Tennis Court
- Basketball Court
- Renters Insurance Program
- Walking/Biking Trails
- Storage Space
- Bicycle Storage
- Hearing Impaired Accessible
- Maintenance on site
- Multi Use Room
- Online Services
- Vision Impaired Accessible
- Public Transportation
- Individual Locking Bedrooms
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 111 | - | 612 - 845 |
| 2+1 | 26 | - | 978 - 1,020 |
| 2+1.5 | 16 | - | 1,192 |
| 2+2 | 30 | - | 845 - 1,038 |
| 2+2.5 | 4 | - | 1,252 |
| 3+3 | 3 | - | 1,348 |
PROPERTY TAXES
| Parcel Number | 0402110010016 | Improvements Assessment | $19,134,272 |
| Land Assessment | $1,865,728 | Total Assessment | $21,000,000 |
PROPERTY TAXES
Parcel Number
0402110010016
Land Assessment
$1,865,728
Improvements Assessment
$19,134,272
Total Assessment
$21,000,000
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Bay House | 2041 San Sebastian Ct
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