12 Unit B/V Complex *Reduced $100K to $1.2MM* | 5718 Eskridge St
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12 Unit B/V Complex *Reduced $100K to $1.2MM* 5718 Eskridge St
12 Unit Apartment Building $1,200,000 ($100,000/Unit) 6.47% Cap Rate Houston, TX 77023
Investment Highlights
- Conveniently located near the Gulf Freeway and Wayside Drive area
Executive Summary
12 Unit Brick Veneer Apartment Complex. Located in the East End next to the Villa De Matel Convent. Corner of Eskridge and Sunnyland near S. Wayside and the Gulf Freeway. Built in 1970. Separate Light & Gas Meters. Unit Mix: 4 -Two Bedrooms and 8- One bedrooms. Parking is gated with 9 covered spaces on Eskridge. Less than two miles from the University of Houston. Rents are below market. Owned by same family for over 30 years.*** New pitched roofs installed on both buildings, September 2024***No Owner Financing***Price Reduced $100K to $1,200,000.***
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
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
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 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,200,000 | Building Class | C |
| Price Per Unit | $100,000 | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 8,676 SF |
| Cap Rate | 6.47% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1970/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.04/1,000 SF |
| Apartment Style | Garden |
| Price | $1,200,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| Cap Rate | 6.47% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 8,676 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2023 |
| Parking Ratio | 1.04/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Ceiling Fans
- Satellite TV
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | $775.00 | 725 |
Walk Score ®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 0410070220004 | Total Assessment | $632,351 |
| Land Assessment | $127,764 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $504,587 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
0410070220004
Land Assessment
$127,764
Improvements Assessment
$504,587
Total Assessment
$632,351
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
-
Bill Garcia -
Carlos Garcia Realty
(713) 924-9100
x124
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12 Unit B/V Complex *Reduced $100K to $1.2MM* | 5718 Eskridge St
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