Off-Market OfferingOff-Market Deal in Houston
$26,300,000
Asking Price
$26,300,000
Investment Highlights
Northwest Houston TX 250 units gated townhouse community built in 2000. All 2/3br floorplans 83% occupied (due to recent increase in income requirements that also improved tenant quality) 50% of units are classic with $180 rents below market & pro forma NOI on full occupancy is $1.863m normal sale owner asking $105kppd / $26.3m negotiable. Owner will also stay in the deal as preferred equity up to 50% at 8% rate
James Smith
Listing contact · Verified on Crezly
Inquire / make an offer:
https://www.crezly.com/property/houston-multifamily-5/
https://www.crezly.com/property/houston-multifamily-5/
Prepared via Crezly Marketplace (crezly.com) from owner/broker-supplied information and NYC public records. Information deemed reliable but not guaranteed; buyers must independently verify. Not an offer, solicitation, or investment advice.