Mimosa Studio Apartments 2414 Mimosa Dr 7 Unit Apartment Building $1,800,000 ($257,143/Unit) Houston, TX 77019
INVESTMENT HIGHLIGHTS
- River Oaks area
- Income generating
- Redevelopment opportunity
EXECUTIVE SUMMARY
Rare consolidation opportunity in River Oaks: +/- 5,778 lot with income generating 7-unit multi-family building. Located on the same block as 40 curated mid-rise residences under development and million-dollar single family residences. What is your best and highest use for this property? Check out the property and the area! Please do not disturb the tenants. Buyer to obtain new survey and measure floor plans.
Surface areas, distances and other data based on seller-provided and/ or publicly available information. Buyer to independently verify.
Surface areas, distances and other data based on seller-provided and/ or publicly available information. Buyer to independently verify.
PROPERTY FACTS
| Price | $1,800,000 |
| Price Per Unit | $257,143 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 5,775 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.21/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
SITE AMENITIES
- Courtyard
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | - | 825 |
1 of 1
Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 0562460000009 | Improvements Assessment | $217,034 |
| Land Assessment | $548,910 | Total Assessment | $765,944 |
CONTACTS
-
Michael Chang -
Jennifer Chang -
Conveyance Real Estate LLC
