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Multifamily

2300 Stanford

2300 Stanford St, Houston, TX 77006

Listing Price: Request For Offer

Number of Units
8
Occupancy
100.0%
Gross SF
4,896

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 2300 Stanford, a fully remodeled, 8-unit, short-term stay asset in Houston, Texas. Located in Houston’s Montrose neighborhood, the property is minutes from the newly constructed Montrose Collective, The Ion and Rice University Innovation District, Midtown, Downtown, Houston Museum District, and countless world class restaurants, bars, and entertainment options. 2300 Stanford has undergone complete interior and exterior remodeling, totaling more than $75,000 per unit, over the past five years. Exterior upgrades include new lighting, signage, electronic key fob locks, new TPO roof, double pane aluminum windows, new access gates with controlled access, and new outdoor furniture. Interior upgrades include new HVAC, cabinetry, kitchen backsplash, bathroom tiling, custom glass shower enclosures, plumbing fixtures, ceiling fans, stainless steel kitchen appliances, and in-unit Samsung stackable washer/dryers. 2300 Stanford will offer new ownership the opportunity to achieve outsized returns relative to conventional multifamily properties due to above average daily rental rates. This opportunity offers investors a low-maintenance, minimal-oversite, headache-free asset with an in-place expert operator responsible for managing daily operations while covering all operating expenditures, repairs and maintenance, and cost of goods sold. New ownership of 2300 Stanford will be acquiring a unique, highly desirable short-term stay asset minutes from some of Houston’s most popular attractions and employment centers. The recent investments into the property by current ownership, coupled with Montrose’s increasing popularity, create the ideal residential offering in the cultural heart of Houston.

Investment Highlights

  • Completely Remodeled, 8-Unit, Short-term Stay Asset
  • 2300 Stanford sits in the Heart of Montrose, the Cultural Hub of Houston
  • Unique, Short-Term Stay Nature Offers Outsized Returns Relative to Conventional Multifamily Properties, as Above Average Daily Rental Rates Allow For Increased Cash Flow
  • 2300 Stanford Offers A Low-Maintenance, Minimal-Oversite, and Headache-Free Asset
  • Ideal Proximity to Both Interstate 69 and Interstate 45, Providing Easy Access to The Entire Houston MSA

Exclusively Listed By

Financing By

Multifamily

2300 Stanford

Listing Price: Request For Offer

Number of Units
8
Occupancy
100.0%
Gross SF
4,896

Investment Highlights

  • Completely Remodeled, 8-Unit, Short-term Stay Asset
  • 2300 Stanford sits in the Heart of Montrose, the Cultural Hub of Houston
  • Unique, Short-Term Stay Nature Offers Outsized Returns Relative to Conventional Multifamily Properties, as Above Average Daily Rental Rates Allow For Increased Cash Flow
  • 2300 Stanford Offers A Low-Maintenance, Minimal-Oversite, and Headache-Free Asset
  • Ideal Proximity to Both Interstate 69 and Interstate 45, Providing Easy Access to The Entire Houston MSA

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale 2300 Stanford, a fully remodeled, 8-unit, short-term stay asset in Houston, Texas. Located in Houston’s Montrose neighborhood, the property is minutes from the newly constructed Montrose Collective, The Ion and Rice University Innovation District, Midtown, Downtown, Houston Museum District, and countless world class restaurants, bars, and entertainment options. 2300 Stanford has undergone complete interior and exterior remodeling, totaling more than $75,000 per unit, over the past five years. Exterior upgrades include new lighting, signage, electronic key fob locks, new TPO roof, double pane aluminum windows, new access gates with controlled access, and new outdoor furniture. Interior upgrades include new HVAC, cabinetry, kitchen backsplash, bathroom tiling, custom glass shower enclosures, plumbing fixtures, ceiling fans, stainless steel kitchen appliances, and in-unit Samsung stackable washer/dryers. 2300 Stanford will offer new ownership the opportunity to achieve outsized returns relative to conventional multifamily properties due to above average daily rental rates. This opportunity offers investors a low-maintenance, minimal-oversite, headache-free asset with an in-place expert operator responsible for managing daily operations while covering all operating expenditures, repairs and maintenance, and cost of goods sold. New ownership of 2300 Stanford will be acquiring a unique, highly desirable short-term stay asset minutes from some of Houston’s most popular attractions and employment centers. The recent investments into the property by current ownership, coupled with Montrose’s increasing popularity, create the ideal residential offering in the cultural heart of Houston.

Exclusively Listed By

Financing By

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