Medical Center 14-Unit Condo Portfolio
Offered at $60,000 Per Unit | Total: $840,000
Current Gross Income: $57,120/year
Location: Near Texas Medical Center, Metro Rail, Baylor, and major hospitals
Owner Financing Available
Key Highlights
14 condo units scattered throughout a well-maintained complex with 2 pools, gated access, and assigned parking. WASHER DRYERS come with unit
HOA Fee: ~$6,550/month for all units
(Includes exterior insurance, water, sewer, trash, gate, and amenities)
Units Mix:
1 bed / 1 bath
2 bed / 1.5 bath (Approx. 900qft)
2 bed / 2.5 bath(Approx. 1050 sf)
Current Rents: 1000 to 1100 is way way Below market rate— strong value-add potential through rent increases or unit upgrades.
Occupancy:
12 units leased
2 units listed for lease
Investment Upside
Units in fair condition (no upgrades) are selling for $75K–$105K, depending on size and layout.
Rental Upside: Current income ($57,120/year) is significantly below market — opportunity to reposition and increase NOI.to $85,000 by 2027
Owner Financing Terms
Down Payment: 50%
Interest Rate: 6.3%–7.5%
Amortization: 25 years
Balloon: 2 to 3 years
Seller Notes
Out-of-state owner, unable to manage repairs and leasing remotely.
Properties are in desirable proximity to Texas Medical Center, MetroRail, and major employment centers.
Please copy and paste the link below in your browser to sign our NDA and upload your Proof of Funds:
https://form.jotform.com/251737050890054
Please call 844-THE - 8880 or email info@therealtytexas.com for more information.