2004 Binz St - Apartments FOR SALE


Houston, TX 77004- The Museum District
$4,600,000 USD
832-727-9721
2004 Binz St, Houston, TX for Sale
$4,600,000 USD
Apartments - FOR SALE
1/13
null | 6.67% Cap Rate

2004 Binz St
Houston, TX 77004
The Museum District


HIGHLIGHTS

  • 18 Units | Approx. 12,147 SF GBA | Built 2024
  • 8 Studios | 8 One-Bedroom Units | 2 Two-Bedroom Units
  • Ideal for STR | Corporate Housing | Mid-Term | Long-Term Rental
  • Fully Furnished | Turnkey | Operational from Day One
  • Prime Urban Infill Location | Near Houston Medical Center | Rice University | Museum District | Downtown
  • Dense Affluent Trade Area | 513,000+ Residents Within 5 Miles | Strong Household Incomes

OVERVIEW

2004 Binz Lofts presents the opportunity to acquire a newly constructed, fully furnished 18-unit multifamily/STR asset totaling approximately 12,147 SF GBA in a prime Houston urban infill location. Built in 2024, the property is currently owner-operated as an established Airbnb/short-term rental business with strong historical occupancy and consistent revenue growth. The unit mix includes 8 studios, 8 one-bedroom/one-bath units, and 2 two-bedroom/one-bath units. Offered fully furnished and operational, the property provides a turnkey investment with the flexibility to continue the existing STR model or transition to corporate housing, mid-term, or traditional long-term rentals. Its location near the Texas Medical Center, Rice University, Museum District, Hermann Park, Downtown Houston, NRG, and METRORail supports diversified year-round demand from medical professionals, corporate travelers, university visitors, patients, families, and extended-stay tenants.

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$379 USD /SF

# OF UNITS

18

PRICE/UNIT

$255,556

CAP RATE

6.67%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2004 Binz Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2024

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,003 SF

ZONING

Commercial

APN/PARCEL ID

0420660000016

ASK ABOUT THIS PROPERTY

Shawn MotamediWalzel CommercialMore Info
832-727-9721

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Shawn MotamediWalzel CommercialMore Info
832-727-9721

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