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Shu Zhu
  • Real Estate Investor and Lender
  • Katy, TX
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32
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3525 Sage Rd Highrise--shall I buy or not?

Shu Zhu
  • Real Estate Investor and Lender
  • Katy, TX
Posted Jan 7 2018, 09:19

Hi All. I am thinking of buying a unit in this high rise building (NOT for investment purpose). The pros are good location, modest price and HOA fees, and the residents all seem to like living there when I visit. On the other hand, the biggest con is that it seems to have flooded during memorial day flood, tax day flood, and of course Harvey. For at least once, the lobby got about a foot of water if not more. Resale is slow, with about 6 month inventory right now. I'm not expecting this unit to make money for me, but I am worried if it can turn into a problem that I cannot get rid of.

Will appreciate your thoughts.

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