Multifamily
Panama Estates
13931 Hillsboro St, Houston, TX 77015
Listing Price: $1,100,000
Investment Overview
Panama Estates is a well-maintained, 21-unit multifamily community located at 13931 Hillsboro Street in Cloverleaf. Built in 1984 and currently more than 90% occupied, the property offers stable in-place operations with convenient access to Interstate 10 and major East Houston employment centers. With additional room to improve rents and an attractive acquisition basis of approximately $52,000 per unit, the offering provides investors with a compelling combination of immediate cash flow, desirable vintage, and attainable upside.
Panama Estates
Investment Highlights
- Attractive $52,000-Per-Unit Basis — A compelling entry point that positions investors well below replacement cost and supports a favorable long-term investment basis.
- Stable Occupancy with Rent Upside — Occupancy above 90% provides dependable in-place revenue, while below-market rents offer a clear opportunity to increase income over time.
- Desirable 1984 Vintage and Accessible Location — Well-maintained 1980s construction and convenient access to I10 strengthen the property's competitive position within the Cloverleaf submarket
Exclusively Listed By
Listing Price: $1,100,000
Investment Highlights
- Attractive $52,000-Per-Unit Basis — A compelling entry point that positions investors well below replacement cost and supports a favorable long-term investment basis.
- Stable Occupancy with Rent Upside — Occupancy above 90% provides dependable in-place revenue, while below-market rents offer a clear opportunity to increase income over time.
- Desirable 1984 Vintage and Accessible Location — Well-maintained 1980s construction and convenient access to I10 strengthen the property's competitive position within the Cloverleaf submarket
Investment Overview
Panama Estates is a well-maintained, 21-unit multifamily community located at 13931 Hillsboro Street in Cloverleaf. Built in 1984 and currently more than 90% occupied, the property offers stable in-place operations with convenient access to Interstate 10 and major East Houston employment centers. With additional room to improve rents and an attractive acquisition basis of approximately $52,000 per unit, the offering provides investors with a compelling combination of immediate cash flow, desirable vintage, and attainable upside.
Exclusively Listed By
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