2626 Holly Hall St - Apartments FOR SALE


Houston, TX 77054- Medical Center South
$840,000 USD
832-356-8746
2626 Holly Hall St, Houston, TX for Sale
$840,000 USD
Apartments - FOR SALE
1/4
null | 6.8% Cap Rate

2626 Holly Hall St
Houston, TX 77054
Medical Center South


HIGHLIGHTS

  • Next to METRO
  • WELL MAINTAINED
  • Medical center

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$840,000 USD

PRICE/SF

$7 USD /SF

# OF UNITS

14

PRICE/UNIT

$60,000

CAP RATE

6.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

14 Condo Units Sale - Owner Financing

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

16

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

1161960010001,1161960030003,1161960040003,1161960040006,1161960070001,1161960070011,1161960100003,1161960120003,1161960120004

ASK ABOUT THIS PROPERTY

Thé Trinh NguyenThe Realty TXMore Info
832-356-8746

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Thé Trinh NguyenThe Realty TXMore Info
832-356-8746

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