3040 Golfcrest Blvd - Apartments FOR SALE


Houston, TX 77087- Gulfgate-Pine Valley
$695,000 USD
713-452-4260
3040 Golfcrest Blvd, Houston, TX for Sale
$695,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

3040 Golfcrest Blvd
Houston, TX 77087
Gulfgate-Pine Valley


HIGHLIGHTS

  • Centrally Located Asset with Significant Upside Through Value-Add Enhancements
  • Stabilized Asset Located in the Heart of Houston
  • Individually Metered Electricity

OVERVIEW

Marcus & Millichap is pleased to present a compelling value-add opportunity located in the heart of Houston. Positioned just off the 610 Loop, the property offers tenants immediate access to Houston's major thoroughfares and employment hubs, enhancing long-term renter demand and investment stability. This asset is comprised of 12 total units, featuring 10 spacious one-bedroom/one-bath layouts and 2 two-bedroom/two-bath units. With only one current vacancy, the property provides investors with a rare opportunity to acquire a stabilized asset with immediate upside potential. Strategic value-add enhancements can be implemented early in the hold period to unlock additional cash flow and long term appreciation. The current ownership has completed substantial capital improvements to both the interior and exterior, while leaving room for further upgrades to maximize returns. The fully gated property includes covered parking and an on-site laundry facility, both of which can be further monetized to increase additional income. Whether you are a first time investor or looking to expand an existing portfolio, this offering presents an exceptional opportunity to acquire a well-located, incomeproducing asset with strong value-add potential in central Houston.

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$86 USD /SF

# OF UNITS

12

PRICE/UNIT

$57,917

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Reveille at Golfcrest

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,552 SF

ZONING

-

APN/PARCEL ID

0582470000005

ASK ABOUT THIS PROPERTY

Joshua KasaliMarcus & MillichapMore Info
713-452-4260

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Joshua KasaliMarcus & MillichapMore Info
713-452-4260

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