Price Per SF
$217
Price Per Unit
$187,500
Units
4
Gross SQFT
3,450
Year Built
1930
Property Type
Apartments
INVESTMENT HIGHLIGHTS
- Premium Location: Located close to Houston Community College, Texas Southern University, and the University of Houston. It is in a prime area for student housing making renters demand inelastic.
- Redevelopment Opportunity: Similar properties in the neighborhood have been redeveloped into larger buildings to achieve the highest and best use of the land. There is a similar opportunity here with a big lot size.
- Short Lease Terms: With student renters, lease terms will be short allowing for frequent rent increases to keep pace with the market and hedge against inflation.
- Recession Resistant: With a multifamily asset, many homeowners who move from homeowners to renters will keep the rental demand strong.
Broker of Record
- Kyle Matthews
- License No. 9005919 (TX)
- 8668890550
- Matthews Retail Group, Inc.
- 8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225