832-971-4335
2620 Arbor St, Houston, TX for Sale
Apartments - FOR SALE
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2620 Arbor St
Houston, TX 77004
MacGregor


OVERVIEW

2620 Arbor St, Houston, TX 77004 presents a rare investment opportunity in one of Houston's most strategically located rental markets. Situated just five to seven minutes from several major universities, the property benefits from a consistent pool of students, faculty, medical professionals, and short-term visitors seeking convenient accommodations. Currently generating over $20,000 per month in Airbnb revenue, the asset offers immediate cash flow while providing multiple revenue strategies, including short-term rentals, medium-term furnished housing, student housing, corporate leasing, or traditional multifamily operations. The property was operated under a master lease through the beginning of this year, providing stable income for ownership. Following the early termination of the master lease — due to the tenant entity deciding to purchase their own property — the owner invested approximately one and a half months into property improvements, touch-ups, and upgrades to further enhance the guest experience and maximize rental performance. Upon completion, a professional Airbnb management company was brought in to oversee day-to-day operations. The management company currently receives 30% of gross revenue, which includes guest communication, booking management, turnover coordination, and cleaning services. For a new owner seeking a truly passive investment, the management company has expressed a willingness to remain in place, allowing for a seamless transition and continued operations from day one. What truly sets this property apart is the uniqueness of each fully furnished unit. Rather than offering a repetitive apartment experience, every unit has been individually designed and decorated, creating a distinctive guest experience that drives stronger occupancy, repeat bookings, and premium rental rates. Combined with major systems having been replaced in 2020, investors can benefit from reduced near-term capital expenditures while capitalizing on a proven income-producing asset in a highly desirable location. Opportunities that combine strong cash flow, location advantages, operational flexibility, professional management, and unique market positioning are ideal for investors seeking straightforward returns, making 2620 Arbor a compelling addition to any investment portfolio. The owner has held the property for quite some time and is not in a position where he must sell, but rather is open to selling to pursue larger commercial deals. The property consists of seven two-bedroom, one-bath units and one one-bedroom, one-bath unit, for a total of eight units. It also includes a laundry and maintenance room with commercial-size washers and dryers for Airbnb upkeep, in addition to in-unit washer and dryer in each residence.

FOR SALE DETAILS

PRICE

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# OF UNITS

8

CAP RATE

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% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,282 SF

ZONING

-

APN/PARCEL ID

0600970010005

ASK ABOUT THIS PROPERTY

Angela VidalOpen Access RealtyMore Info
832-971-4335

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Angela VidalOpen Access RealtyMore Info
832-971-4335

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