Updated over 9 years ago on . Most recent reply
MULTIFAMILY IN HOUSTON - 12 UNITS - SEEKING SYNDICATION!!!
2 CONDOS - 100% OCCUPIED, ALL IN GREAT CONDITION
PROPERTY IS LOCATED NEAR HWY 59S IN THE SOUTHWEST AREA OF HOUSTON. CLOSE ACCESS TO SUGARLAND, BELLAIRE, THE GALLERIA AND DOWNTOWN.
Here are some macro data from my due diligence:
Cap Rate furnished by Agent 7.29% (7.82% per market area)
Annual NOI 14839,00 $
Cash on Cash 12%
Annual Cashflow 6000,00 $
The rents needs to be raised in accordance with the market.
Seeking 50000,00 $ and partnership!
I look forward to talk with you soon.
Best,
Davide
D&V Proprieties
Katy,TX
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