3046 Golfcrest Blvd - Apartments FOR SALE


Houston, TX 77087- Gulfgate-Pine Valley
$2,712,000 USD
832-269-6249
3046 Golfcrest Blvd, Houston, TX for Sale
$2,712,000 USD
Apartments - FOR SALE
1/33
null | Request Cap Rate

3046 Golfcrest Blvd
Houston, TX 77087
Gulfgate-Pine Valley


OVERVIEW

Conveniently located near the 610 Loop, this 24-unit multifamily property presents an outstanding opportunity to acquire a well-positioned, income-producing asset in the heart of Houston. The unit mix consists of 20 spacious one-bedroom, one-bathroom units and 4 two-bedroom, two-bathroom units. Each unit is equipped with central air conditioning, providing tenants with modern comfort and convenience. Tenants are responsible for their own electricity, helping minimize operating expenses and enhance the property's investment appeal. With only two current vacancies, the property offers investors the rare opportunity to acquire a stabilized asset with strong in-place occupancy and immediate upside potential. Amenities include a covered parking area adjacent to the building and an on-site laundry facility, enhancing tenant convenience and retention. Current ownership has completed significant interior and exterior improvements, creating a solid foundation for future ownership while still leaving opportunities for strategic upgrades to further increase revenue and maximize returns. Whether you are a first-time multifamily investor or seeking to expand an existing portfolio, this property represents an exceptional opportunity to acquire a centrally located asset with strong cash flow and value-add potential in one of Houston's most desirable rental markets.

FOR SALE DETAILS

PRICE

$2,712,000 USD

PRICE/SF

$168 USD /SF

# OF UNITS

24

PRICE/UNIT

$113,000

CAP RATE

Request Cap Rate

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,460 SF

ZONING

-

APN/PARCEL ID

0582470000027

ASK ABOUT THIS PROPERTY

Erika De AndaRealty Of AmericaMore Info
832-269-6249

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Erika De AndaRealty Of AmericaMore Info
832-269-6249

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