2524 Gregg St - Hospitality FOR SALE


Houston, TX 77026- Frenchtown
$2,150,000 USD
713-405-7480
2524 Gregg St, Houston, TX for Sale
$2,150,000 USD
Hospitality - FOR SALE
1/13
null | Request Cap Rate

2524 Gregg St
Houston, TX 77026
Frenchtown


HIGHLIGHTS

  • Strategic Inner-City Location
  • Stable Budget Hospitality Demand
  • Efficient Boutique-Scale Asset
  • Value-Add Potential Through Renovation
  • Proximity to Major Transportation Corridors

OVERVIEW

2524 Gregg Street is a 50-unit (49 units plus one manager’s unit) workforce housing asset located in Houston’s East River development submarket. Originally a hospitality property, the asset has been successfully converted into a multifamily offering that caters to both local workforce tenants and extended-stay residents. The property features copper wiring and includes two units equipped with kitchens, supporting flexible leasing options.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$179 USD /SF

# OF ROOMS

26

PRICE/ROOM

$82,692 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gregg St Apartments

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1960

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

Mixed Use

APN/PARCEL ID

0270310000008

ASK ABOUT THIS PROPERTY

Matthew BeanPartnersMore Info
713-405-7480

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Matthew BeanPartnersMore Info
713-405-7480

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