5408 Market St - Apartments FOR SALE


Houston, TX 77020- Fifth Ward
$3,195,000 USD
281-451-8437
5408 Market St, Houston, TX for Sale
$3,195,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

5408 Market St
Houston, TX 77020
Fifth Ward


HIGHLIGHTS

  • Offered at a 7% Cap Rate.
  • In a prime Houston location near the new East River mixed-use entertainment, office, and apartments development.
  • A great investment opportunity with over $500,000 recently invested in capital improvements.
  • Wheatley Court Apartments are 100% occupied and offer 32 units.

OVERVIEW

Kevin Riles Commercial is pleased to present a compelling investment opportunity near the new East River mixed-use entertainment, office, and apartment development in Houston, TX: The Wheatley Court Apartments, located at 5408 Market Street, Houston, TX 77020, at a competitive 7% Cap Rate. Over $500,000 in capital expenditure has been applied to this asset in the last two years. The Rent roll was improved and currently stands at 100% occupancy, with room for rent growth. New Development surrounds this development, and the area is experiencing rapid appreciation. The complex is only 5 minutes from Downtown Houston, 3 miles from East River, and 1.5 miles from EADO.

FOR SALE DETAILS

PRICE

$3,195,000 USD

PRICE/SF

$92 USD /SF

# OF UNITS

32

PRICE/UNIT

$99,844

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wheatley Court Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

-

APN/PARCEL ID

0631680010001

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.