This Multifamily Property is no longer advertised on LoopNet.com.
3603 Alice St
Alice Street Apartments · Multifamily Property For Sale
·
65 Units
INVESTMENT HIGHLIGHTS
3603 Alice Street is a 65-unit value-add multifamily investment with access to the Interstates 610 and 45 interchange and the Texas Medical Center.
Surrounded by a stabilized tenant pool; over 60% of residents living within a 3-mile radius rely on rental properties as their residence.
OST-South Union Submarket multifamily rents have grown nearly 3% YOY since April of 2023, according to CoStar Analytics.
Conveniently situated between US Highway 90 ALT and I-610, and just four minutes from some of the most essential community service providers.
Over 145,000 residents living within a 3-mile radius tallied a consumer spending total of over $1.3 billion in 2023.
Surrounded by national retailers and service providers, including Aldi, Walgreens, McDonald’s, UPS, CITI, Bank of America, and more.
PROPERTY FACTS
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
No. Units
65
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Garden
Building Class
C
Lot Size
2.33 AC
Building Size
58,442 SF
Average Occupancy
100%
No. Stories
2
Year Built
1965
Zoning
None
AMENITIES
UNIT AMENITIES
Air Conditioning Cable Ready Dishwasher
Washer/Dryer Hookup Heating Ceiling Fans
Tile Floors Kitchen Refrigerator
SITE AMENITIES
PROPERTY TAXES
Parcel Numbers
Multiple
0450640000254
0450640000257
0450640000262
0450640000264
0450640000256
0450640000261
0450640000263
Improvements Assessment
$1,946,030
Land Assessment
$3,053,970
Total Assessment
$5,000,000
