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5300 WEST GULF BANK
Houston, TX 77088 ·

564 Units · Multifamily For Sale

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Inwood Properties

Price N/A Cap Rate 10.01%
No. Units 564 Occupancy 42%
Building Size 443,148 SF No. Stories 2
Property Type Multifamily Year Built 1981
Property Sub-type Garden/Low-Rise Lot Size 17.85 AC
Property Use Type Investment
Listing ID: 14113881 Date Created: 02/01/2005 Last Updated: 08/04/2005

Description

RECENT FORECLOSURE!! THE THREE INWOOD PROPERTIES ARE 1981 CIRCA BUILT PROPERTIES. THE PROPERTY IS NEAR TWO MAJOR EXPRESSWAYS WITH GOOD ACCESS AND VISIBILITY. AMENITIES INCLUDE WASHER/DRYER CONNECTIONS, DISHWASHERS, REFRIGERATORS, CIELING FANS, TILED ENTRYWAYS, FIREPLACES IN SOME UNITS, 3 SWIMMING POOLS, 5 LAUNDRY FACILITIES, AND CODED SECURITY GATES. THE PROPERTY HAS MANY DOWN UNITS AND MAJOR DEFERRED MAINTENANCE. PLEASE GO TO ABOVE WEBSITE FOR MORE SUPPORTING INFORMATION REGARDING INWOOD PROPERTY.

THE THREE INWOOD APARTMENTS ARE LOCATED IN NORTHWEST HOUSTON. THE SUBJECT IS SITUATED ONE HALF MILE EAST OF ANTOINE STREET ON WEST GULF BANK. WEST GULF BANK IS THE PRIMARY EAST / WEST THOROHGHFARE OF THE AREA. ANTOINE IS A PRIMARY NORTH / SOUTH ARTERY IN THE AREA. THIS LOCATION LENDS THE PROPERTY GOOD ACCESS TO ALL MAJOR ARTERIES OF HOUSTON.

Highlights

  • RECENT FORECLOSURE
  • ALL CASH
  • GREAT UPSIDE POTENTIAL
  • PITCHED ROOFS / INDIVIDUAL ELECTRIC METERS

Research

5300 WEST GULF BANK, Houston, TX 77088 (Harris County)

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