11111 Wiggins St - Apartments FOR SALE


Houston, TX 77029- Jacinto City
$575,000 USD
713-470-2153
11111 Wiggins St, Houston, TX for Sale
$575,000 USD
Apartments - FOR SALE
1/8
null | 13.3% Cap Rate

11111 Wiggins St
Houston, TX 77029
Jacinto City


HIGHLIGHTS

  • High occupancy with long term tenants
  • Solid exterior contstruction
  • Room for significant rent improvement

OVERVIEW

This 12-unit apartment complex in Jacinto City offers a strong investment opportunity with immediate cash flow and upside potential. Currently 90%+ occupied, the property benefits from a stable tenant base, including many long-term residents. At current rental rates, the asset is delivering a 12%+ CAP rate, making it attractive for yield-focused investors. All leases are written as monthly leases, so all tenants are month to month. Recent capital improvements include new electrical panels installed in all units in 2023, reducing near-term maintenance concerns. The property presents additional upside through rental increases, particularly with potential conversion to Section 8 housing. Tenants enjoy convenient access to public transportation, grocery stores, and nearby dining options. The complex also features dedicated on-site parking with 14 spaces accessible from Wiggins Street. This is a turnkey asset with both stability and value-add potential in a high-demand rental area.

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$86 USD /SF

# OF UNITS

12

PRICE/UNIT

$47,917

CAP RATE

13.3%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

Industrial

APN/PARCEL ID

0552220000025

ASK ABOUT THIS PROPERTY

Steve BlairKeller Williams Realty, Inc.More Info
713-470-2153

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Steve BlairKeller Williams Realty, Inc.More Info
713-470-2153

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