3815 Fannin St - Apartments FOR SALE


Houston, TX 77004- Midtown Houston
$850,000 USD
713-405-7480
3815 Fannin St, Houston, TX for Sale
$850,000 USD
Apartments - FOR SALE
1/27
null | 9.3% Cap Rate

3815 Fannin St
Houston, TX 77004
Midtown Houston


HIGHLIGHTS

  • 1 Block from ION Tech Hub
  • 1 Block from Metro Rail
  • 100% Occupied

OVERVIEW

INVESTMENT HIGHLIGHTS • Strategic Location: Situated in the heart of Midtown Houston, this property offers unparalleled access to Downtown Houston, the Texas Medical Center, and major highways, ensuring high demand from potential tenants or buyers. • Redevelopment Potential: The 5,000 sq ft lot presents a prime opportunity for redevelopment, capitalizing on the area’s ongoing growth and transformation. • Diverse Income Streams: With 15 units featuring shared amenities, the property is ideal for: Co-Living Spaces: Catering to young professionals seeking affordable, community-oriented housing. Student Housing: Proximity to educational institutions makes it suitable for student accommodations. Short-Term Rentals: The property’s configuration is perfect for weekly rentals targeting visitors and transient professionals. • Proximity to Innovation and Development: Located near the Ion District, a 16-acre innovation hub fostering startups, corporations, and academic partnerships, enhancing the area’s appeal and potential tenant pool. RECENT AREA DEVELOPMENTS • Harris Health Investments: Harris Health’s recent acquisition of properties across the street indicates significant institutional interest and potential for future collaborations or developments in the vicinity. • Midtown Redevelopment: The Midtown area has experienced substantial redevelopment, with new residential, commercial, and mixed-use projects enhancing the neighborhood’s vibrancy and property values. This is a Great Opportunity: Whether you’re an investor looking to capitalize on Midtown’s growth, a developer seeking a prime location for a new project, or an entrepreneur envisioning a co-living or short-term rental venture, 3815 Fannin St offers limitless possibilities· Access to Public Transportation: Close to METRO Rail stations, providing convenient transit options throughout Houston.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$265 USD /SF

# OF UNITS

15

PRICE/UNIT

$56,667

CAP RATE

9.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

15-Unit SRO Multifamily

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,000 SF

ZONING

-

APN/PARCEL ID

0130720000018

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 Policy.