713-355-4646
2811 Broad St, Houston, TX for Sale
Apartments - FOR SALE
1/23
null | Request Cap Rate

2811 Broad St
Houston, TX 77087
Gulfgate-Pine Valley


HIGHLIGHTS

  • All Cash or New Loan
  • Excellent Location in U of H/ I-45 South Submarket of SE Houston
  • Excellent Upside Potential
  • Below Market Rents

OVERVIEW

The Oak Acres Apartments is a two story garden style apartment community located in the U of H/I-45 South submarket of SE Houston, TX in the Gulgate-Pine Valley neighborhood. The asset was constructed in 1964 and per HCAD, underwent some renovations in 2022. The property offers residents fully equipped kitchens with carpeted bedrooms, heating and patios/balconies. Some tenants pay for electricity. Water, gas and trash are paid by the property. Regarding repairs, one building roof was installed in 2022 and the others were installed in 2020, all are in good condition, per Owner. Dual heat/cooling units were installed in the majority of units over 2025/2026. They replaced 350 ft of sewer pipes throughout the property in 2023 and 2024. There are reportedly no plumbing issues. Laundry room was updated in 2022 and two new water heaters were installed in 2024. Plenty of exterior work was completed in 2025, including fascia and soffit repairs and paint, and concrete work on patio landings where required.

FOR SALE DETAILS

PRICE

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# OF UNITS

41

CAP RATE

Request Cap Rate

% LEASED

86%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oak Acres Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

39,988 SF

ZONING

HN/A

APN/PARCEL ID

0582350020016

ASK ABOUT THIS PROPERTY

Tom WilkinsonKET Enterprises IncorporatedMore Info
713-355-4646

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Tom WilkinsonKET Enterprises IncorporatedMore Info
713-355-4646

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