3804 Mount Pleasant St - Apartments FOR SALE


Houston, TX 77021- OST-South Union
$1,249,000 USD
469-450-7037
3804 Mount Pleasant St, Houston, TX for Sale
$1,249,000 USD
Apartments - FOR SALE
1/6
null | 8.8% Cap Rate

3804 Mount Pleasant St
Houston, TX 77021
OST-South Union


HIGHLIGHTS

  • This is a great chance to pick up a 15 unit apartment complex in the growing South Union area.

OVERVIEW

This is a great chance to pick up a 15 unit apartment complex in the growing South Union area. The property offers a mix of 4 one bedroom units and 11 two bedroom units with significant value add potential through lease up and operational improvements. The property is currently 66 percent occupied, providing immediate upside for an investor focused on increasing occupancy and stabilizing operations. Property is being sold in “as-is condition” , dimensions and information are approximate and buyer/representation responsibility to verify.

FOR SALE DETAILS

PRICE

$1,249,000 USD

PRICE/SF

$133 USD /SF

# OF UNITS

15

PRICE/UNIT

$83,267

CAP RATE

8.8%

% LEASED

66%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3804 Mount Pleasant

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,983 SF

ZONING

-

APN/PARCEL ID

0741520480001

ASK ABOUT THIS PROPERTY

Wesson AssefaAssetlyOne LLCMore Info
469-450-7037

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Wesson AssefaAssetlyOne LLCMore Info
469-450-7037

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