80 Unit Multifamily Texas
Price$8,500,000
Cap Rate9.5%
NOI$800,000
Price / SF$185
Building SF46,000
Units80
Investment Highlights
Houston TX. IHG-branded 80-key hotel near NRG Stadium. 4-story, interior corridor property with franchise agreement in place through 2029. 2024 Rev 1.8M, projected to surpass 2M in 2025. New management and strong sales team in place. Assumale loan 3.8M, 20 yr term, 4.75% Int NOI 800K. Asking $8.5M negotiable-motivated seller
Location
📍 Texas
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