5408 Market St - Apartments FOR SALE


Houston, TX 77020- Fifth Ward
$3,500,000 USD
305-337-9296
5408 Market St, Houston, TX for Sale
$3,500,000 USD
Apartments - FOR SALE
1/18
null | 10.77% Cap Rate

5408 Market St
Houston, TX 77020
Fifth Ward


HIGHLIGHTS

  • Across the street from Wheatley High School
  • Two blocks away from Fifth Ward / Denver Harbor Transit Center
  • Bus station next to property

OVERVIEW

Wheatley Court Apartments is a 32-unit, fully renovated multifamily property strategically located in Houston's rapidly transforming East End — approximately 3.5 miles from Downtown Houston, 1.5 miles from EaDo, and within a short drive of the 150-acre East River mixed-use development. Logica Real Estate Services III LLC has owned and self-managed the asset since March 2023, completing $500,000 in documented capital improvements and stabilizing the property at 100% occupancy. The asset is offered as a turnkey, cash-flowing investment with measurable upside through value-add rent upside, an unimplemented RUBS opportunity, and an in-place Fannie Mae loan available for assumption.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$100 USD /SF

# OF UNITS

32

PRICE/UNIT

$109,375

CAP RATE

10.77%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wheatley Court Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

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

Jose GomezLogica Services Holding, LLCMore Info
305-337-9296

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Jose GomezLogica Services Holding, LLCMore Info
305-337-9296

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