Investment Overview

Marcus & Millichap is pleased to present this stabilized, cash flowing multifamily asset ideally situated in a continuously gentrifying corridor of Houston. Located just north of I-45, the property offers convenient access to some of Houston's most prominent destinations, including downtown, Midtown, and the Texas Medical Center. The property features a strong and diverse unit mix of 2 studio units, 50 one-bedroom/one-bathroom units, and 38 spacious two-bedroom/one-bathroom units, with competitive in place rents and a clear path for continued revenue growth. The asset is well-amenitized with an onsite leasing office, two separate laundry facilities, covered and reserved parking, and six onsite storage units. Ownership has recently begun implementing additional revenue streams, including charging for covered and reserved parking and launching a RUBS program to offset water utility costs. These initiatives provide an incoming investor the opportunity to step into a stabilized operation and continue building on the momentum already in place, further maximizing returns and driving long-term value. With an attractive assumable loan in place at a below-market interest rate of 3.47 percent, locked through August 2030, this asset offers a rare financing advantage that is increasingly difficult to find in today's environment. An incoming investor can step in on day one with a significantly reduced debt service obligation, maximizing cash flow from the outset and providing a meaningful edge over comparable opportunities currently available in the market. This is a compelling opportunity to acquire a cash flowing asset in one of Houston's most dynamic and evolving submarkets, with the infrastructure, amenities, and revenue upside in place to support continued growth for years to come.