Multifamily
Corner at Calhoun
7820 Calhoun Rd, Houston, TX 77033
Listing Price: Request For Offer
Investment Overview
Marcus and Millichap is proud to present the Corner at Calhoun, an 8-unit Apartment Complex located right outside the 610 Loop in South East Houston.
The stabilized asset consists of 8 fully occupied units which are TWO bed, ONE bath models. With new plumbing, roofing, drainage, flooring and appliances, this represents the ideal low-maintenance hold apartment complex.
Perhaps the biggest upside of the property is vacant non-revenue unit (office/storage) which could be converted into a studio for additional rental income. Even conservative estimates of the income from the studio turns this deal from a 7 Cap to an 8 Cap at the end of Year ONE
Corner at Calhoun
Investment Highlights
- Newly renovated with new roof, new gates, new pex plumbing, new drainage system, appliances, flooring, countertops etc.
- MAJOR Upside in converting a non-revenue unit (office/storage) to a studio to generate additional income.
- Expanded tenant pool because of high-access location, near major throughfares and linkages.
Exclusively Listed By
Financing By
Investment Highlights
- Newly renovated with new roof, new gates, new pex plumbing, new drainage system, appliances, flooring, countertops etc.
- MAJOR Upside in converting a non-revenue unit (office/storage) to a studio to generate additional income.
- Expanded tenant pool because of high-access location, near major throughfares and linkages.
Investment Overview
Marcus and Millichap is proud to present the Corner at Calhoun, an 8-unit Apartment Complex located right outside the 610 Loop in South East Houston. The stabilized asset consists of 8 fully occupied units which are TWO bed, ONE bath models. With new plumbing, roofing, drainage, flooring and appliances, this represents the ideal low-maintenance hold apartment complex. Perhaps the biggest upside of the property is vacant non-revenue unit (office/storage) which could be converted into a studio for additional rental income. Even conservative estimates of the income from the studio turns this deal from a 7 Cap to an 8 Cap at the end of Year ONE
Exclusively Listed By
Financing By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
