25 Parker Rd
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25 Parker Rd
6 Unit Apartment Building $1,350,000 ($225,000/Unit) 4.70% Cap Rate Houston, TX 77076
Investment Highlights
- Very Dense Area
- Quality finish out with S/S appliances, Kohler fixtures, Granite countertops, All electric, Bryant A/C
- 100% leased project, 2 year old building
Executive Summary
Two year old building totally rebuilt from the foundation and up. Very busy area in the dense Northeast part of Houston on a great street.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$97,200
|
$19.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$97,200
|
$19.32
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$33,792
|
$6.72
|
| Net Operating Income |
$63,408
|
$12.60
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $97,200 |
| Annual Per SF | $19.32 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $97,200 |
| Annual Per SF | $19.32 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $33,792 |
| Annual Per SF | $6.72 |
| Net Operating Income | |
|---|---|
| Annual | $63,408 |
| Annual Per SF | $12.60 |
Property Facts
| Price | $1,350,000 | Apartment Style | Low Rise |
| Price Per Unit | $225,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.40 AC |
| Cap Rate | 4.70% | Building Size | 5,032 SF |
| Sale Conditions | Bulk/Portfolio Sale | No. Stories | 2 |
| No. Units | 6 | Year Built/Renovated | 1965/2022 |
| Property Type | Multifamily | Parking Ratio | 3.58/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,350,000 |
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 4.70% |
| Sale Conditions | Bulk/Portfolio Sale |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 5,032 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2022 |
| Parking Ratio | 3.58/1,000 SF |
Site Amenities
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Picnic Area
- Grill
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $1,325 | 750 |
1 of 1
Walk Score ®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 0352550010006 | Improvements Assessment | $519,507 |
| Land Assessment | $246,806 | Total Assessment | $766,313 |
PROPERTY TAXES
Parcel Number
0352550010006
Land Assessment
$246,806
Improvements Assessment
$519,507
Total Assessment
$766,313
-
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25 Parker Rd
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