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!
Not exactly what you're looking for? Start a new custom search to find the perfect property
The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.