6840 Fairway Dr - Apartments FOR SALE


Houston, TX 77087- Golfcrest
$1,852,500 USD
713-405-7480
6840 Fairway Dr, Houston, TX for Sale
$1,852,500 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

6840 Fairway Dr
Houston, TX 77087
Golfcrest


OVERVIEW

Amblegrove Apartments is a fully renovated 16-unit multifamily community located in the Golfcrest submarket of Southeast Houston. The property offers investors the opportunity to acquire a repositioned asset with strong lease-up potential, attractive projected cash flow, and immediate access to several of Houston’s largest employment and economic drivers. The property consists primarily of spacious two-bedroom units and has undergone extensive renovations, positioning it competitively within the surrounding rental market. Strategically located near I-45, Loop 610, the University of Houston, the Texas Medical Center, Hobby Airport, and the Port of Houston, the property benefits from exceptional connectivity to major employment hubs, retail corridors, and educational institutions. Houston’s continued population growth, affordability advantages, and expanding logistics, healthcare, and energy sectors continue to support multifamily demand throughout the area. In addition to the standalone acquisition opportunity, investors have the ability to acquire the adjacent Lancia Apartments, a recently renovated 22-unit multifamily property, creating a larger multifamily portfolio with increased scale, operational efficiencies, and expanded rental income potential. Amblegrove Apartments presents a compelling opportunity for investors seeking a renovated small multifamily asset with projected stabilized income, strong renter demographics, and long-term appreciation potential in one of Houston’s highly accessible infill submarkets.

FOR SALE DETAILS

PRICE

$1,852,500 USD

PRICE/SF

$67 USD /SF

# OF UNITS

16

PRICE/UNIT

$115,781

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Amblegrove Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,616 SF

ZONING

N/Ap, Houston

APN/PARCEL ID

0590590000001

ASK ABOUT THIS PROPERTY

Matthew BeanPartnersMore Info
713-405-7480

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

Matthew BeanPartnersMore Info
713-405-7480

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