2-Story Garden-Style | Class C | Built 1976 | Renovated 2020Deal SnapshotOccupancy: 92%Parking: 270 SpacesNOI: 1.4MPurchase Price: 18,500,000 + 3% Assignment FeeAppraised Value (04/2025): 20.4MExterior/Interior Paint Upd...
2-Story Garden-Style | Class C | Built 1976 | Renovated 2020
Deal Snapshot
Occupancy: 92%
Parking: 270 Spaces
NOI: 1.4M
Purchase Price: 18,500,000 + 3% Assignment Fee
Appraised Value (04/2025): 20.4M
Exterior/Interior Paint Updated: May 2025
Investment Highlights
Strong 268-unit asset in a high-demand Houston submarket
92% Physical Occupancy with income upside opportunities
Exterior and interior paint updates completed as of May 2025
Appraised at $20.4M (April 2025), providing immediate equity potential
1.4M current Net Operating Income
Opportunity to increase rent through light upgrades and operational efficiencies
270 Parking Spaces
Ask our Dispo Representative for the property appraisal, the T12 for 2024 and the Rent Roll
DISCLAIMER
Investors are responsible for their own due diligence and must consult their legal, tax, and financial advisors. All financial data presented herein are estimates and subject to change.
DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.
Additional details
Type
Commercial
Parking
Assigned
Built in
1976
Lot size
9.923 acres
Price$18,500,000
ARV
$20,400,000
Gross margin
$1,900,000
Deals nearby
$129,000
(ARV -
$230,000)
3 Beds
1 Baths
1011 sq.ft
$240,000
(ARV -
$450,000)
4 Beds
2 Baths
2400 sq.ft
$90,000
(ARV -
$130,000)
2 Beds
1 Baths
720 sq.ft
$80,000
(ARV -
)
0 Beds
0 Baths
17400 sq.ft
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