Investment Overview

Marcus & Millichap is pleased to present a stabilized multifamily asset located in Houston's centrally positioned East End submarket. Just east of downtown and minutes from major thoroughfares including I-45 and Highway 90, the property offers exceptional connectivity to key employment and cultural hubs such as downtown, the Medical Center, and the Museum District. The community consists of 17 total units, 15 one-bed/one-bath units and 2 two-bed/one-bath units. With competitive rents, an established RUBS program, and additional income streams already in place (including pet rent and laundry), the property provides immediate cash flow for a new owner. An attractive assumable loan is available, featuring a 4.53% interest rate and interest-only payments through September 2029, offering meaningful financing advantages. All units have been fully renovated with stainless steel appliances and luxury vinyl flooring throughout, further enhancing long-term durability and rentability. Community amenities include an on-site laundry room and a front picnic area, creating a welcoming environment and contributing to strong tenant retention. Current ownership has positioned this asset as a true turnkey opportunity, ideal for both first-time investors and experienced operators seeking a centrally located, well-performing property with strong demographics and seamless operational continuity.