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3124-3126 Webster St

10 Unit Apartment Building $995,000 ($99,500/Unit) Houston, TX 77004

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Investment Highlights

Fast Growing; high demand location near Downtown, Med Center, Universities, Sports Event Centers; 2 blocks from rail

Executive Summary

This is an amazing opportunity to enter into a multifamily investment that is 100% occupied and has much room for value add including renovating half the units, building additional units on unused green space, and forced rental rate increase after renovations are complete. This property is in a fast paced gentrified areas 5 minutes outside of Downtown Houston, 2 blocks from the rail station, and is in one of the most in demand locations near most universities and the med center. This property is available for owner finance and seller is open to being a 2nd lien position. Price and financials will be disclosed upon request.
Seller is motivated.

Property Facts

Price	$995,000	Building Class	B
Price Per Unit	$99,500	Lot Size	0.11 AC
Sale Type	Investment	Building Size	5,000 SF
Sale Conditions	1031 Exchange Bulk/Portfolio Sale Deferred Maintenance High Vacancy Property	Average Occupancy	100%
No. Units	10	No. Stories	2
Property Type	Multifamily	Year Built	1940
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	$995,000
Price Per Unit	$99,500
Sale Type	Investment
Sale Conditions	1031 Exchange Bulk/Portfolio Sale Deferred Maintenance High Vacancy Property
No. Units	10
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	B
Lot Size	0.11 AC
Building Size	5,000 SF
Average Occupancy	100%
No. Stories	2
Year Built	1940
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.