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2120 El Paseo St - One Montreal Place
589 - 789 SF Flex Condo Units Offered at $99,000 - $111,000 Per Unit in Houston, TX 77054
Investment Highlights
- One Montreal Place offers fantastic bedrooms, open floorplans, and private covered parking.
- A premier opportunity to acquire three fully occupied condos that are very sought-after by medical students and employees.
- Located in Houston’s medical center area within walking distance of the NRG stadium.
- All three units are on the second story, fully furnished, offering abundant modern upgrades.
Executive Summary
Welcome to One Montreal Place, a chance to buy three fully rented condos on one- and two-year leases. It is in Houston’s Medical South, which presents immense medical entry by students and employees. One Montreal Place’s units stay full and have the potential for due medium rentals, catering to traveling nurses and doctor programs. All three units offer beautiful views and overlook the community pool and tennis courts. All three units have been upgraded to include new floors, windows, doors, and kitchen countertops. The living area features a wood-burning fireplace, built-in bookshelves, and access to one of the home's two patios. The kitchen has been fully remodeled with new cabinets, quartz countertops, tile backsplash, and brand-new stainless-steel appliances. Fresh paint throughout the entire interior of the home. A new full-sized stackable washer & dryer will be left. The half bath on the first level has also been remodeled with a brand-new sink and vanity. The master bedroom boasts two walk-in closets, a new carpet, and access to a secondary patio area. Master bath features tub/shower combo plus new double-sink vanities. Medical Center South is located south of the Texas Medical Center, home to Houston’s major healthcare facilities and medical schools. The NRG Arena, NRG Stadium, and NRG Center are also in the neighborhood, so living here provides easy access to rodeos, football games, concerts, and more. Along with medical facilities, Medical Center South is laden with restaurants, stores, and an abundance of housing options. Attracting even more renters, Medical Center South is also convenient to Downtown Houston, Midtown, and Hermann Park. Inquire today to learn more about the opportunity to acquire the highly demanded, income-generating, and fully occupied multifamily asset at One Montreal Place.
Property Facts
Price | $99,000 - $111,000 | Floors | 2 |
Unit Size | 589 - 789 SF | Typical Floor Size | 1,000 SF |
No. Units | 3 | Year Built | 1982 |
Total Building Size | 2,000 SF | Lot Size | 20.83 AC |
Property Type | Multifamily | Parking Ratio | 1.5/1,000 SF |
Property Subtype | Apartment | Opportunity Zone |
Yes
|
Building Class | B |
Price | $99,000 - $111,000 |
Unit Size | 589 - 789 SF |
No. Units | 3 |
Total Building Size | 2,000 SF |
Property Type | Multifamily |
Property Subtype | Apartment |
Building Class | B |
Floors | 2 |
Typical Floor Size | 1,000 SF |
Year Built | 1982 |
Lot Size | 20.83 AC |
Parking Ratio | 1.5/1,000 SF |
Opportunity Zone |
Yes |
3 Units Available
Unit 1808
Unit Size | 589 SF | Cap Rate | 7.58% |
Price | $99,000 | NOI | $7,500 |
Price Per SF | $168.08 | No. Parking Spaces | 3 |
Condo Use | Flex | Sale Conditions | Bulk/Portfolio Sale |
Sale Type | Investment | APN/Parcel ID | 1150040240019 |
Unit Size | 589 SF |
Price | $99,000 |
Price Per SF | $168.08 |
Condo Use | Flex |
Sale Type | Investment |
Cap Rate | 7.58% |
NOI | $7,500 |
No. Parking Spaces | 3 |
Sale Conditions | Bulk/Portfolio Sale |
APN/Parcel ID | 1150040240019 |
Description
New granite counters in bathroom and kitchen, all new appliances, new flooring, new window and doors, new AC unit, painted
Sale Notes
Can purchase all 3 Condos for 348,000!
INCLUDES:
Unit 2204 - 789 SF
Unit 2419 - 588 SF
Unit 1808 - 588 SF
Unit 2419
Unit Size | 589 SF | Sale Type | Investment |
Price | $99,000 | Cap Rate | 6.36% |
Price Per SF | $168.08 | NOI | $6,300 |
Condo Use | Flex |
Unit Size | 589 SF |
Price | $99,000 |
Price Per SF | $168.08 |
Condo Use | Flex |
Sale Type | Investment |
Cap Rate | 6.36% |
NOI | $6,300 |
Description
New flooring, all new lighting, all new fans, all new appliances, granite counters and sinks. All new faucets, paint
Sale Notes
Can purchase all 3 Condos for 348,000!
INCLUDES:
Unit 2204 - 789 SF
Unit 2419 - 588 SF
Unit 1808 - 588 SF
Unit 2204
Unit Size | 789 SF | Sale Type | Investment |
Price | $111,000 | Cap Rate | 6.00% |
Price Per SF | $140.68 | NOI | $6,660 |
Condo Use | Flex |
Unit Size | 789 SF |
Price | $111,000 |
Price Per SF | $140.68 |
Condo Use | Flex |
Sale Type | Investment |
Cap Rate | 6.00% |
NOI | $6,660 |
Description
New countertops and flooring, new windows, and doors, painted
Sale Notes
Can purchase all 3 Condos for 348,000!
INCLUDES:
Unit 2204 - 789 SF
Unit 2419 - 588 SF
Unit 1808 - 588 SF
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
3+3 | 3 | - | - |
Amenities
Unit Amenities
- Air Conditioning
- Heating
Site Amenities
- Pool
- Tennis Court
Presented by
2120 El Paseo St - One Montreal Place
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