Estelle Apartments | 5 Estelle St
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Estelle Apartments 5 Estelle St
5 Unit Apartment Building $899,995 ($179,999/Unit) Houston, TX 77003
Investment Highlights
- Fully remodeled from the studs. Completed in 2022. Everything is brand new!
- Fully furnished units
- Strong income generator
Executive Summary
Exceptional income-generating property in the heart of EaDo, minutes from downtown Houston! This newly renovated, fully furnished 5-unit building is a rare, hassle-free investment opportunity in a prime location near trendy restaurants, shops, and newly developed buildings. Each modern unit is move-in ready with stylish finishes and new appliances, attracting high-quality tenants. Currently generating strong rental income, this property offers excellent appreciation potential in one of Houston’s fastest-growing neighborhoods. Don’t miss this turnkey investment in the thriving heart of East Downtown!
Financial Summary (Actual - 2023) 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 - 2023) 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 | $899,995 | Lot Size | 0.11 AC |
| Price Per Unit | $179,999 | Building Size | 3,140 SF |
| Sale Type | Investment | Average Occupancy | 80% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1938/2022 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | C |
| Price | $899,995 |
| Price Per Unit | $179,999 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,140 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built/Renovated | 1938/2022 |
| Opportunity Zone |
Yes |
Site Amenities
- 24 Hour Access
- Furnished Units Available
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 500 - 550 |
| 2+1 | 1 | - | 801 |
| 1+1 | 1 | - | 550 |
| 1+1 | 1 | - | 550 |
| 1+1 | 1 | - | 550 |
1 of 1
Walk Score ®
Very Walkable (72)
Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 0071260080006 | Improvements Assessment | $394,657 |
| Land Assessment | $175,000 | Total Assessment | $569,657 |
PROPERTY TAXES
Parcel Number
0071260080006
Land Assessment
$175,000
Improvements Assessment
$394,657
Total Assessment
$569,657
-
Spencer Igwe -
LPT Realty LLC
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Estelle Apartments | 5 Estelle St
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