713-405-7480
3499 Evergreen Dr, Houston, TX for Sale
Apartments - FOR SALE
1/19
null | Request Cap Rate

3499 Evergreen Dr
Houston, TX 77087
Golfcrest


OVERVIEW

***Minimum Bid: $9,800,000 The Park at Veracruz presents a compelling yield-plus investment opportunity, combining strong in-place cash flow with a clearly defined path to value creation. The property is currently 95% occupied, providing immediate income stability and a proven tenant base. Investors have the opportunity to enhance returns through a strategic value-add program, including interior renovations, operational efficiencies, and continued rent growth driven by consistently high occupancy. Positioned within a high-demand workforce housing corridor, the asset benefits from consistent renter demand and limited new supply. Its proximity to major employment centers—including Downtown Houston, the University of Houston, and the Texas Medical Center—further supports long-term occupancy and rent growth. With an attractive basis below replacement cost, The Park at Veracruz offers both downside protection and meaningful upside potential. What Is a Minimum Bid? Minimum Bid represents the starting price at which ownership is willing to review qualified purchase offers. Ownership reserves the right to accept, reject, negotiate, counter, request best and final, or withdraw the offering.

FOR SALE DETAILS

PRICE

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# OF UNITS

106

CAP RATE

Request Cap Rate

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Park at Veracruz

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

73

LAND DETAILS

LAND ACRES

3.94 AC

LAND SF

171,626 SF

ZONING

none

APN/PARCEL ID

0410120000017

ASK ABOUT THIS PROPERTY

Matthew BeanPartnersMore Info
713-405-7480

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Matthew BeanPartnersMore Info
713-405-7480

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