2909 Lavender St
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2909 Lavender St
34 Unit Apartment Building $2,550,000 ($75,000/Unit) 11.25% Cap Rate Houston, TX 77026
Investment Highlights
- Near EAST RIVER DEVELOPMENT - HEART OF 5th WARD
Executive Summary
This is a 34 unit multi family property consisting of 17 individual houses which were converted into duplexes.
They sit on 1.8 acres of land in the heart of 5th ward. Lots of land.
A great opportunity to value-add. A rare opportunity near the East River Development.
They sit on 1.8 acres of land in the heart of 5th ward. Lots of land.
A great opportunity to value-add. A rare opportunity near the East River Development.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $2,550,000 | Apartment Style | Low Rise |
| Price Per Unit | $75,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.80 AC |
| Cap Rate | 11.25% | Building Size | 78,840 SF |
| No. Units | 34 | Average Occupancy | 98% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1938/2023 |
| Price | $2,550,000 |
| Price Per Unit | $75,000 |
| Sale Type | Investment |
| Cap Rate | 11.25% |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.80 AC |
| Building Size | 78,840 SF |
| Average Occupancy | 98% |
| No. Stories | 1 |
| Year Built/Renovated | 1938/2023 |
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P-95 Capital
2909 Lavender St
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