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Branard Apartments 3274 Branard St

14 Unit Apartment Building $2,500,000 ($178,571/Unit) 5.46% Cap Rate Houston, TX 77098

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Executive Summary

Contact Kelly Lark with United Real Estate with any questions: krlark@gmail.com, 281-620-6655
-Prime location 14 unit apartment property located in the sought after Upper Kirby Area.
-Recent renovations to all 14 units.
-100% occupied.
-Building = 8,748 SF; Land = 8,860 SF
-RUBS Program - Tenants pay their share of the water bills.
-See attached brochure for additional information
-PLEASE NOTE THAT ALL UNITS HAVE BEEN REMODELED.

Branard Flyer $2,500,000

Property Facts

Price	$2,500,000	Apartment Style	Low Rise
Price Per Unit	$178,571	Building Class	C
Sale Type	Investment	Lot Size	0.21 AC
Cap Rate	5.46%	Building Size	10,425 SF
Sale Conditions	1031 Exchange Business Value Included	Average Occupancy	100%
No. Units	14	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1963/2023
Property Subtype	Apartment	Parking Ratio	1.34/1,000 SF

Price	$2,500,000
Price Per Unit	$178,571
Sale Type	Investment
Cap Rate	5.46%
Sale Conditions	1031 Exchange Business Value Included
No. Units	14
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.21 AC
Building Size	10,425 SF
Average Occupancy	100%
No. Stories	2
Year Built/Renovated	1963/2023
Parking Ratio	1.34/1,000 SF

Unit Amenities

Air Conditioning
Cable Ready
Heating

Tile Floors
Kitchen
High Speed Internet Access

Refrigerator
Oven

Tub/Shower
Freezer

Site Amenities

24 Hour Access
Fenced Lot

Laundry Facilities
Gated

Grill
Zen Garden

Public Transportation

About 3274 Branard St , Houston, TX 77098

-Prime location 14 unit apartment property located in the sought after Upper Kirby Area. -Recent renovations to all 14 units. -Building = 8,748 SF; Land = 8,860 SF -RUBS Program - Tenants pay their share of the water bills. -See attached brochure for additional information Renters are drawn to Neartown/River Oaks' retail amenities and overall cachet. In recent years, the area has solidified its status as one of Houston's few true live/work/play environments, and residents pay a substantial premium to live here. • Over the past 12 months, 890 units have been absorbed versus the 400 units that have opened. • The vacancy rate is sitting at 7.3% which is well below the 10-year average of 10.4%. • Its irreplaceable location amid some of the nation's highest household incomes explains why some of the metro's highest-end retail is located here which is reflected in the property’s exceptional Walking Score (87). All