713-355-4646
8600 Theta St, Houston, TX for Sale
Apartments - FOR SALE
1/39
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8600 Theta St
Houston, TX 77034
Edgebrook


HIGHLIGHTS

  • ? Available on Assumption Only (loan lockout)
  • ? Excellent Location In The Beltway 8/I-45 South Submarket Of SE Houston
  • ? Opportunity to Grow Rents and Reduce Water/Sewer Bills!
  • ? Great Area Job Base!
  • ? Excellent Access to I-45
  • ? Close Proximity to Hobby Airport

OVERVIEW

The Berkshire is a multifamily community offering one, two, and three bedroom apartment homes. Constructed in 1971, and located in Beltway 8/I-45 South submarket of SE Houston, the apartment homes feature in-unit washers and dryers (for 2 bedroom units only), private patios and balconies. The proximity to Beltway 8 and I45 South allows easy access to every major submarket with all of the employment, recreational and retail opportunities the city has to offer. Public schools are Garfield Elementary (next door), Miller Middle School, and Memorial High School, all part of the Pasadena ISD. Per owner, all roofs have been replaced within the past 15 years and the entire property was painted in 2020. The interiors have classic cabinet fronts, Formica counter tops (some updated) and a mixture of carpet and either wood flooring or faux wood flooring. Approximately 65% of the units were updated lightly at a cost of $500 per unit and they get a $35 to $50 per month increase. There is clear upside in continuing an interior rehab! See CapEx Summary and Roof Replacement Schedule. Water savings devices and other "Green Energy" items have been implemented. However, recently the water usage has grown, and the Owner plans to audit all units and systems for leaks. The manager has no knowledge of any flooding at the property.

FOR SALE DETAILS

PRICE

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# OF UNITS

227

CAP RATE

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% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Berkshire

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.4 AC

LAND SF

409,420 SF

ZONING

N/Ap, County

APN/PARCEL ID

0881190000024

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Tom WilkinsonKET Enterprises IncorporatedMore Info
713-355-4646

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Tom WilkinsonKET Enterprises IncorporatedMore Info
713-355-4646

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