8800 S. Braeswood
Houston, TX 77031 ·
122 Units · Multifamily For Sale
|Price||N/A||Property Use Type||Investment|
|Building Size||120,390 SF||No. Stories||7|
|Property Type||Multifamily||Year Built||1983|
|Property Sub-type||Mid/High-Rise||Lot Size||4.80 AC|
|Listing ID: 16374829||Date Created: 08/28/2009||Last Updated: 08/05/2010|
*****PRICE STEEPLY REDUCED!*****BEAUTIFUL, SEVEN-STORY MID-RISE ATRIUM PROPERTY located in southwest Houston. The enclosed atrium houses a beautiful fountain and a social area. Additionally, the project offers residents a large swimming pool, fitness center, tennis courts and covered parking. Per owner, hurricane renovations have been completed including the installation of a security system, exterior and interior paint, new carports, cooling tower and mechanical room upgrades and unit upgrades. The project is in the process of being converted to condos.
Directions: From Highway 59, travel south to the Bissonnet exit. Turn left under the freeway. At the fork, continue right. The property is the 7-story building on the left.
- PRICE STEEPLY REDUCED!
- Newly remodeled with tennis court, beautiful swimming pool, state of the art fitness center, atrium
- Financing in place; Discount price; Non-recourse; High leverage - Only 10% down
- Negative cash flow for approximately 4-6 months during lease-up
- After capitalizing negative cash flow during lease-up total capital is less than 20% down
- Property value upon 90% occupancy would be nearly $1,000,000 more than purchase price!
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