713-291-5543
6768 Renwick Dr, Houston, TX for Sale
Apartments - FOR SALE
1/21
null | Request Cap Rate

6768 Renwick Dr
Houston, TX 77081
Gulfton


HIGHLIGHTS

  • Offer All Cash or New Loan
  • This is an All Bills Paid property
  • Stand alone office onsite can be converted into an income producing unit
  • No onsite laundry room, however; there is plenty of room to add a 4 to 5 washer/dryer setup in the storage closet next to the boiler room
  • Completed $880,000 capex from 2022 thru present
  • Value-add asset

OVERVIEW

Renwick Apartments is a 1963 vintage, 64 unit, garden-style apartment community located in southwest Houston. The property was renovated in 2020 and a new chiller was installed in 2024. The property is an All Bills Paid property. Residents enjoy amenities such as ceiling fans and kitchens with pantries. Other amenities include a breakfast bar in select units, cable ready, central air and heat, mini blinds, refrigerator and tile floors in select units. Currently there is no onsite laundry room, however; there is plenty of room to add a 4 to 5 washer/dryer setup in the storage closet next to the boiler room. There is a stand alone office onsite that can be converted in an incoming producing unit. Currently there is 1 full time maintenance worker onsite, however; there is no onsite management/leasing employee. Renwick Apartments is within 6 minutes or 2.4 miles from Houston Christian University. It is also near Houston Baptist University and The Art Institute of Houston. Capex completed from 2022 to current totaling $880,000. Resurfaced asphalt parking lots and restriped Exterior carpentry and exterior paint complete Installed fencing as needed for site control Completely replaced Chiller and heater  core and repaired  chiller plumbing system as needed as well as blower motors in all units Renovated laundry room Re-landscaped property as needed Replaced all water heaters on property Repaired all structural  stairways and walkways as needed All C of H occupancy and habitability issues cleared Renovated the leasing office Installed property wide Wi-Fi for resident use Renovated 51/64 units including New vinyl and ceramic  flooring New  shower walls and tubs New cabinet doors and paint New or resurfaced countertops New fit and fixtures New toilets

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

64

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Renwick Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

61

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,776 SF

ZONING

N/Ap, Houston

APN/PARCEL ID

0370620030108

ASK ABOUT THIS PROPERTY

Hashir SaleemKET Enterprises IncorporatedMore Info
713-291-5543

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Hashir SaleemKET Enterprises IncorporatedMore Info
713-291-5543

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