Multifamily
Stimson Street Apartments
4916 Stimson St, Houston, TX 77023
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present a tremendous value-add opportunity located in the growing Greater Eastwood submarket of Houston. This fully stabilized asset is comprised of 15 units across three neighboring properties; in total, there are 10 1 bed/1 bath, 4 2 bed/1 bath units, along with a 3 bed/1 bath unit. All units are well below market rents, which allows the opportunity to achieve phenomenal upside day one.
Additionally, there is an onsite storage facility that can be transformed into a coin-operated laundromat.
In summary, this is an incredible opportunity to acquire an extraordinary value-add asset in a fast growing submarket of Houston.
Investment Highlights
- Tremendous Value-Add Opportunity in a Growing Submarket of Houston
- Fully Stabilized
- Onsite Storage Facility with Opportunity for Coin-Operated Laundromat
- Seller Financing is an Option with Extremely Attractive Terms
Exclusively Listed By
Financing By
Investment Highlights
- Tremendous Value-Add Opportunity in a Growing Submarket of Houston
- Fully Stabilized
- Onsite Storage Facility with Opportunity for Coin-Operated Laundromat
- Seller Financing is an Option with Extremely Attractive Terms
Investment Overview
Marcus & Millichap is pleased to present a tremendous value-add opportunity located in the growing Greater Eastwood submarket of Houston. This fully stabilized asset is comprised of 15 units across three neighboring properties; in total, there are 10 1 bed/1 bath, 4 2 bed/1 bath units, along with a 3 bed/1 bath unit. All units are well below market rents, which allows the opportunity to achieve phenomenal upside day one. Additionally, there is an onsite storage facility that can be transformed into a coin-operated laundromat. In summary, this is an incredible opportunity to acquire an extraordinary value-add asset in a fast growing submarket of Houston.