7914 Norvic St - Apartments FOR SALE


Houston, TX 77029- Denver Harbor-Port Houston
$1,425,000 USD
346-741-6464
7914 Norvic St, Houston, TX for Sale
$1,425,000 USD
Apartments - FOR SALE
1/6
null | 7.26% Cap Rate


OVERVIEW

This 3,400 sq. ft. apartment building with dedicated parking offers stable cash flow and minimal maintenance requirements, with no immediate CAPEX needs. The property is fully leased to rent-stabilized tenants, and the largest unit has been creatively configured into separate rentals, generating additional income. Currently producing an annualized revenue of approximately $130,000 (pro-forma $142,000), this property has proven to be a consistent income generator. Located in a mixed industrial and residential area just minutes from Downtown Houston and the Houston Ship Channel, it sits within a rapidly developing corridor experiencing strong residential and commercial growth — making it an excellent investment opportunity.

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$419 USD /SF

# OF UNITS

11

PRICE/UNIT

$129,545

CAP RATE

7.26%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,095 SF

ZONING

None

APN/PARCEL ID

0292240250004

ASK ABOUT THIS PROPERTY

AJ MooreLP Real Estate HoldingsMore Info
346-741-6464

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AJ MooreLP Real Estate HoldingsMore Info
346-741-6464

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