Value-Add Multifamily Opportunity – Southeast Houston
Price: $6,100,000
ARV: $7,900,000
80 Units | 80 Beds / 80 Baths
70,984 SqFt | 2.40 Acres
6% Cap | 90–98% Occupancy
2025 NOI: $363K
Value-Add Multifamily Opportunity – Southeast Houston
80-unit garden-style, 2-story walk-up community strategically located near Pasadena & Hobby Airport. Strong occupancy with market rents trending above in-place rents = built-in upside for increased cash flow.
$1.35M in capital improvements (2016–2019)
Gated access
Pet-friendly w/ bark park
On-site maintenance & laundry facilities
Assigned parking
Zoned to Pasadena ISD
Brick veneer exterior + pitched roofs
Slab foundation (excellent condition)
Central AC | Furnaces (6–10 yrs)
Light rehab profile
Built 1964 | 2.40-acre lot
Solid bones with ongoing capital projects
This is a stabilized, cash-flowing asset with strong tenant retention and clear rent growth potential in a high-demand rental pocket.
Message for Finances/address, serious buyers ONLY.