This property is Off-Market

10101 S GESSNER DR
Houston, TX 77071 ·

10 Units · Multifamily For Sale

N/A

Print

BRAEBURN TERRACE 10 UNITS

Price N/A Property Use Type Investment
No. Units 10 Commission Split 2%
Building Size 10,653 SF Cap Rate 8.81%
Property Type Multifamily No. Stories 1
Property Sub-type Garden/Low-Rise Year Built 1983
Listing ID: 17384613 Date Created: 10/21/2011 Last Updated: 03/21/2015

Description

10 units of this 140 unit complex are offered for sale. The property features 3-story brick and wood sided buildings, controlled gate access, swimming pool and covered concrete parking. The units are currently 100% occupied. 2 bed units are approx 1083 RSF. All unitsĀ have been remodeled with tile flooring. All units include a refrigerator and most also come with a washer and dryer. The tenants also pay their own electricity. The home owners association provides garbage disposal & pick-up service, water, sewer, grounds upkeep and exterior building insurance. This project has a great potential for future buyers. The seller is willing to stay on for at least three months to help the new owner manage thru the transition. Buyer' s will need to acquiring third party financing however the seller may entertain a SMALL first or second lien. Sold at an estimated 8.22% cap rate. **BELOW MARKET RENTS

PROPERTY IS LOCATED ON S GESSNER AND S BRAESWOOD NEAR HWY 59S IN THE SOUTHWEST AREA OF HOUSTON. CLOSE ACCESS TO SUGARLAND, BELLAIRE, THE GALLERIA AND DOWNTOWN.

Highlights

  • 100% OCCUPIED
  • CLOSE TO SUGARLAND, GALLERIA, DOWNTOWN & BELLAIRE
  • GATED COMPLEX

Research

10101 S GESSNER DR, Houston, TX 77071 (Harris County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Houston Market Trends - Asking price index trends, sale price trends, asking rent trends

Similar Listings

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.

I am a place holder, please don't judge me!!! (no, I judge you!)