10317 Lake Rd - Apartments FOR SALE


Houston, TX 77070
$995,000 USD
210-382-0992
10317 Lake Rd, Houston, TX for Sale
$995,000 USD
Apartments - FOR SALE
1/29
null | 6% Cap Rate

10317 Lake Rd
Houston, TX 77070


HIGHLIGHTS

  • The Vintage at Lake Road, at 10317 Lake Road, presents a modern four-plex building ideal for short or long-term rentals.
  • Recently constructed in 2023, the property is low maintenance and offers modern finishes throughout each unit.
  • This turnkey investment opportunity presents excellent return on capital.
  • In Houston's Louetta neighborhood, a prime location in a high growth area.
  • Seller Financing Available as low as 3.99% for 3 years

OVERVIEW

Seller financing available for 3 years as low as 3.99% with 25% down, or 4.99% with 20% down! Discover a premier investment opportunity at 10317 Lake Rd #9, Houston, TX 77070, in the thriving Vintage Park at Lake Road gated community. This modern fourplex, constructed in 2023, is fully occupied with tenants, offering immediate cash flow and excellent returns. Located in the high-growth northwest Houston corridor near Louetta Rd and FM 249, this property is within walking distance to Vintage Park Mall and minutes from top-rated schools, making it highly desirable for tenants. With gated access, ample parking, and family-friendly amenities like a community green space and pet-friendly play area, this low-maintenance fourplex is an ideal choice for investors seeking profitability in a prime location. Buy this $995,000 property for the same payment as a $802,000 property! MAXIMIZE YOUR BUYING POWER with exclusive seller financing! Well qualified buyers can lock in rates from the mid-4’s to mid-5’s, depending on down payment, and save up to $22K in closing costs. Minimum 20% down payment. All buyers must be pre-approved through Preferred Lender to be considered. No formal underwriting, no discount points, close in as little as 14 days.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$213 USD /SF

# OF UNITS

4

PRICE/UNIT

$248,750

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Vintage at Lake Road

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,488 SF

ZONING

-

APN/PARCEL ID

1364930010001

ASK ABOUT THIS PROPERTY

Albert WadeeXp RealtyMore Info
210-382-0992

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Albert WadeeXp RealtyMore Info
210-382-0992

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.