6109 Fondren Rd - Apartments CONDO FOR SALE


Houston, TX 77036- Sharpstown
$450,000 USD
832-877-0022
6109 Fondren Rd, Houston, TX for Sale
$450,000 USD
Apartments CONDO - FOR SALE
1/35
null | Request Cap Rate

6109 Fondren Rd
Houston, TX 77036
Sharpstown


HIGHLIGHTS

  • Four condos available for an investment purchase, collectively, home to month-to-month, stabilized tenants.
  • Nestled outside of Houston in the Sharpstown neighborhood, one of the first to blend residential streets with local recreation and shopping centers.
  • Upside potential via increased rents to or above market rates.
  • Interstate 69 runs directly through Sharpstown and serves as an artery for commutes into downtown Houston, which is 11 miles away.

OVERVIEW

-4 NON-Consecutive townhomes located in Fondren Townhomes are for sale as a Package. -Centralized location close to Westpark, Hwy 59, and Beltway 8, and The Galleria -Gated, Well kept and some has been renovated -2 detached carports for each unit, side parking, and street parking -Stable tenants on a month to month, ideal for new investor to make updates to increase to higher market rent -HOA fee is $295 -$345 per unit covers exterior insurance, exterior and gate maintenance, water, sewer, and trash. -Current Rent Rolls from $1100-$1250 each unit, with potential rent increase from to $1300-$1500 depending on cosmetic updates

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$78 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

100%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fondren Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

5,772 SF

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.62 AC

LAND SF

70,413 SF

ZONING

-

APN/PARCEL ID

0986610000001,0986610000010

ASK ABOUT THIS PROPERTY

Pearl NgoSynergy Commercial GroupMore Info
832-877-0022

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Pearl NgoSynergy Commercial GroupMore Info
832-877-0022

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