2705 Lorraine St - Apartments FOR SALE


Houston, TX 77026- Northside Village
$925,000 USD
713-900-5555
2705 Lorraine St, Houston, TX for Sale
$925,000 USD
Apartments - FOR SALE
1/6
null | 8.21% Cap Rate

2705 Lorraine St
Houston, TX 77026
Northside Village


OVERVIEW

MAZ Real Estate is pleased to exclusivley offer the opportunity to acquire 2705 Lorraine St in Houston, TX.? This deal consists of 1 building with 6 studios and 10 (1) bedroom, (1) baths.? Located just 10 minutes northeast of Downtown Houston, this property offers prime access within a rapidly transforming urban corridor.? Positioned just off the major thoroughfare of US-59/I-69, which sees over 200,000 vehicles per day, the site benefits from high visibility and connectivity.? The property sits within a growing commercial and residential zone, just minutes from Hardy Yards, Fifth Ward redevelopment, and the Houston Farmers Market.? Surrounded by new construction homes, local retail, and community-focused redevelopment projects, this location is ideally suited for investors or users looking to capitalize on Houston's inner-loop momentum.? Implement RUBs: Currently, all utilities are paid by the owner. Introducing a RUBS would shift utility costs to tenants, improving net operating income and reducing owner expense exposure. Increase Rents to Market: Opportunity to increase rents to $950, and apply for section 8, to increase further. Exterior Enhancement: Opportunity exists for exterior improvements to further boost curb appeal and tenant retention.

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$109 USD /SF

# OF UNITS

16

PRICE/UNIT

$57,813

CAP RATE

8.21%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

None

APN/PARCEL ID

0331700000018

ASK ABOUT THIS PROPERTY

Zach WeikMAZMore Info
713-900-5555

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Zach WeikMAZMore Info
713-900-5555

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