4207 Drake St - Apartments FOR SALE


Houston, TX 77005- West University Place
$975,000 USD
281-451-8437
4207 Drake St, Houston, TX for Sale
$975,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

4207 Drake St
Houston, TX 77005
West University Place


HIGHLIGHTS

  • Situated in one of Houston’s most exclusive neighborhoods
  • Boasts washer/dryer connections, central HVAC, copper wiring, and long-term tenants
  • Well Maintained Property

OVERVIEW

Exceptional 6-unit property located in prestigious West University Place (77005). Situated in one of Houston’s most exclusive neighborhoods, this asset boasts washer/dryer connections, central HVAC, copper wiring, and long-term tenants. The property has been well-maintained and offers a rare chance to own a multifamily in an A+ location. With surrounding new development and rents currently 25–30% below market, this is an excellent candidate for a buy-and-hold strategy or long-term redevelopment. This property is being offered individually or as part of a 20-unit multifamily portfolio located in several of Houston’s most desirable neighborhoods.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$232 USD /SF

# OF UNITS

6

PRICE/UNIT

$162,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6-Unit – West University Area

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

-

APN/PARCEL ID

0552860000014

ASK ABOUT THIS PROPERTY

Kevin Riles, Ph.D.,CCIMKevin Riles CommercialMore Info
281-451-8437

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Kevin Riles, Ph.D.,CCIMKevin Riles CommercialMore Info
281-451-8437

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