3815 Fannin St - Apartments FOR SALE


Houston, TX 77004- Midtown Houston
$895,000 USD
832-725-0405
3815 Fannin St, Houston, TX for Sale
$895,000 USD
Apartments - FOR SALE
1/13
null | 8.89% Cap Rate

3815 Fannin St
Houston, TX 77004
Midtown Houston


HIGHLIGHTS

  • 3,699 SF Communal Housing (15 Units) / 5,000 SF Lot
  • Prime Midtown Location
  • 100% Occupancy with Low Turnover
  • Upside in Rents
  • Recent Renovations include: new roof, new hardy plank, new flooring in common areas, new windows
  • Annual NOI: $79,550

OVERVIEW

Prime investment opportunity in the heart of Midtown Houston. 3,699 SF communal housing property situated on a 5,000 SF lot, offering 15 fully leased units with 100% occupancy and consistently low turnover. The property has undergone significant recent capital improvements, including a new roof, Hardy Plank siding, new windows, and updated flooring in common areas. With an annual NOI of $79,550 and clear upside in rents, this asset presents a stabilized income stream in one of Houston’s most desirable urban submarkets.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$279 USD /SF

# OF UNITS

15

PRICE/UNIT

$59,667

CAP RATE

8.89%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

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

Mark DavisDavis CommercialMore Info
832-725-0405

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Mark DavisDavis CommercialMore Info
832-725-0405

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