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Multifamily

Stimson Street Apartments

4916 Stimson St, Houston, TX 77023

Listing Price: Request For Offer

Number of Units
15
Occupancy
95.0%

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

Multifamily

Stimson Street Apartments

Listing Price: Request For Offer

Number of Units
15
Occupancy
95.0%

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.

Exclusively Listed By

Financing By

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