7200 W TC Jester, Building 27
Houston, TX 77088 ·
4 Units · Multifamily For Sale
|No. Units||4||Property Use Type||Investment|
|Building Size||3,793 SF||Cap Rate||8.80%|
|Listing ID: 15535437||Date Created: 01/28/2008||Last Updated: 01/28/2008|
Each fourplex is a separately deeded property, with two 1-1 units, one 2-2 unit and one 3-2 unit. The buildings are constructed of brick veneer and wood on poured-in-place post concrete slabs, with the newly rehabbed buildings having Hardiplank siding. All buildings have composite shingle pitched roofs.
The apartments are spacious, each with a wood-burning fireplace, carpet and/or tile flooring, refrigerator, hot water heater, cooking range, built-in dishwasher, washer/dryer connections (many have washers and dryers in
them), and secure utility/storage room just outside the living area.
The property is all-electric, with no gas. Tenants pay their own electric, telephone and cable. The owners' association is responsible for:
· Water and sewerage
· Trash pickup
· Maintenance of all common areas, such as the manager' s office, driveways, fences, gates, etc
· Maintenance and repair of the exterior of all buildings
· Repair of any interior problems caused by exterior issues
Inwood Village is a wooded, gated community in a quiet, residential neighborhood. Constructed in 1983, the entire complex consists of forty-four individually owned fourplexes (total of 176 units), a manager' s office, storage rooms and a maintenance workshop. Up to three of the forty-four fourplexes are for sale via this offering.
This is an excellent opportunity for a group of first time investors, out-of-town investors or absentee landlords to purchase an updated, low maintenance package of fourplexes.
Inwood Village is located near the intersection of W. Little York and W. T.C. Jester, approximately 7 miles from downtown Houston / Central Business District . Situated on a bus line, it also offers convenient access to major highways. Interstate 45, TX 290, TX 249, the Sam Houston Parkway (Hwy 8) and the Inner Loop (I-610) are all within a few of miles of the property.
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