713-355-4646
4201-4203 Phlox St, Houston, TX for Sale
Apartments - FOR SALE
1/40
null | Request Cap Rate

4201-4203 Phlox St
Houston, TX 77051
Sunnyside


HIGHLIGHTS

  • All Cash or New Loan
  • Located in The Hwy 288 South Submarket Of Houston
  • Steadily Improving Area
  • Blue Collar Tenant Profile
  • Possible Owner Financing
  • Roofs Replaced in 2022 or 2015

OVERVIEW

The Phlox Duplexes are located in the heart of the Hwy 288 S/Pearland West submarket of Houston. The asset was constructed in 1956 and has had some extensive rehab . Residents enjoy amenities and features which include walk-in closets, in unit washers and dryers and ceramic flooring in select units. Owner estimated rehab: Heavy interior rehab: approx $21,400/unit Heavy exterior rehab: approx $460,000/property Phlox Duplexes is located in Sunnyside neighborhood in southern Houston, and per owner, is known as one of the most dangerous high crime areas in Houston. Because of this, the owner has not yet been able to find sufficient prospective residents that meet the standards to ensure the safety and wellbeing of the Phlox community. As part of efforts to boost the occupancy in the coming months, there have been ramped up efforts to reach qualified tenants using refined demographic targeting, including incentives tailored for renewals and referrals. Nestled just eight miles south of Downtown Houston, residents of Sunnyside find its close proximity to city attractions and low cost of living attractive. The community borders the 610 Loop and is inside the Beltway 8, making it simple for locals to commute to work. There’s definitely a suburban vibe to the area. Students of Sunnyside are zoned to the Houston Independent School District. Residents look forward to the amenities at Sunnyside Park, including the playground, sports courts, walking/biking trails, and the gym that’s located in the community center.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

28

CAP RATE

Request Cap Rate

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Phlox Duplexes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

24

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

N/Ap, Houston

APN/PARCEL ID

0771330080018

ASK ABOUT THIS PROPERTY

Tom WilkinsonKET Enterprises IncorporatedMore Info
713-355-4646

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Tom WilkinsonKET Enterprises IncorporatedMore Info
713-355-4646

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