1200 Carolyn Ct

1200 Carolyn Ct, Humble, TX 77338
$1,950,000

Cap Rate
6.55%
Price Per SF
$116
Price Per Unit
$75,000
Units
26
Gross SQFT
16,814
Year Built
1965
Property Type
Apartments

INVESTMENT HIGHLIGHTS

  • Significant potential for rent increases to align with market rates.
  • Over $260,000 invested in capital improvements, ensuring the property remains well-maintained and attractive to tenants.
  • Durable TPO roof installed in 2015, with a history of annual inspections and documented repairs to maintain its condition.
  • Energy-efficient LED exterior lighting installed throughout the property, enhancing safety and reducing operational costs.
  • Extensive renovations completed on 18 of the 26 units, providing modern and updated interiors for residents.
  • Conveniently located near major employers, shopping, dining, and IAH Airport, offering excellent accessibility and tenant appeal.
  • Beautiful courtyard featuring a fenced pool and a relaxing gazebo, perfect for outdoor gatherings and leisure.
  • On-site laundry room equipped with 4 washers and 4 dryers, providing convenience for residents.
  • Secure property with four gated entrances and a comprehensive security camera system covering all exterior areas.
  • Covered parking spaces available for select units, offering added protection for residents’ vehicles.
  • Utilities included in the rent: gas, water, and sewer, with electric service individually metered for each unit.

Broker of Record

  • Patrick Graham
  • License No. 9005919 (TX)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 8300 Douglas Ave.,
    Ste. 750, Dallas, TX 75225
BESbswy