Investment Overview

Marcus & Millichap is pleased to present a stabilized multifamily asset located in one of Houston's most desirable submarkets, Montrose. The property features 20 one-bedroom, one-bathroom units, each offering spacious layouts and walk-in closets. 16 of the 20 units have already been fully renovated, giving a new owner the opportunity to apply the same upgrade package to the remaining four units and capture additional rent premiums. Recent improvements include quartz countertops, updated appliances, and durable slate flooring throughout. Current ownership has already implemented a comprehensive RUBS program, along with additional income streams from pet fees, laundry, and storage. This structure allows a new investor to step into existing ancillary revenue without the operational challenges of introducing new charges to an established tenant base. There is additional value-add potential for a new investor, as each unit includes two walk-in closets, one of which can easily be converted to accommodate washer and dryer connections. This allows for the addition of in-unit laundry across all units, creating an opportunity to capture further rental premiums. The community offers several on-site amenities , including 6 storage facilities, a laundry room, and a swimming pool. These features enhance the resident experience and support strong tenant retention. Strategically positioned in the highly sought-after Montrose neighborhood, the property offers immediate access to Houston's major employment and cultural centers, including downtown, the Medical Center, and nearby institutions such as the University of St. Thomas, Rice University, and the University of Houston. This offering represents a rare opportunity to acquire a renovated, income-producing asset in one of Houston's strongest and most resilient rental markets.