8210 Shady Dr - Apartments FOR SALE


Houston, TX 77016- Trinity-Houston Gardens
$1,685,000 USD
713-316-7049
8210 Shady Dr, Houston, TX for Sale
$1,685,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate


OVERVIEW

Partners is pleased to present a 19-unit apartment complex located at 8210 Shady Dr in Northeast Houston. This property presents an attractive investment opportunity with a unit mix comprising of 1 studio unit, eight 1-bedroom/1-bath, and ten 2-bedroom/1-bath. The surrounding area is experiencing steady growth, with a population growth of 2% from 2020-2024 and a strong employment base supported by its proximity to Bush Intercontinental Airport, the Port of Houston, and Generation Business Park, establishing it as a great rental market. Renovations in 2021 include new roofs, copper wiring, updated plumbing, and interior renovations in several units, as well as a laundry facility on site. This property is fully occupied as the current owner has gone to great lengths to place quality tenants in the units, and as a result, has little turnover in the last year and several long-term residents - some of whom have lived at the property for over a decade.

FOR SALE DETAILS

PRICE

$1,685,000 USD

PRICE/SF

$117 USD /SF

# OF UNITS

19

PRICE/UNIT

$88,684

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

-

APN/PARCEL ID

0730710110228

ASK ABOUT THIS PROPERTY

Charles PeckhamPartnersMore Info
713-316-7049

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Charles PeckhamPartnersMore Info
713-316-7049

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