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1014 Prairie St 19 Unit Apartment Building $2,950,000 ($155,263/Unit) Houston, TX 77002
INVESTMENT HIGHLIGHTS
- Qualifed Opportunity Zone: Defer or elimnate capital gains for QOZ Investors (Census Tract 48201520900)
- High-Barrier Submarket: Downtown Houston commands the city's top multifamily rent.
EXECUTIVE SUMMARY
Permit-Ready Plans 14 one-bed, 2 two-bed, 3 studio units + 1,750 SF retail; fourth-floor addition with private terraces approved
Floor addition with private terraces approved. Approved Historic Tax Credits: UP to 45% rebate on qualified construction costs via State & Federal Programs.
Facade & Thrive Storefront Grants: Eligible for additional funding to enhance exterior and retail improvement.
Floor addition with private terraces approved. Approved Historic Tax Credits: UP to 45% rebate on qualified construction costs via State & Federal Programs.
Facade & Thrive Storefront Grants: Eligible for additional funding to enhance exterior and retail improvement.
PROPERTY FACTS
| Price | $2,950,000 | Building Class | C |
| Price Per Unit | $155,263 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 14,338 SF |
| No. Units | 19 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Parking Ratio | 0.28/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Price | $2,950,000 |
| Price Per Unit | $155,263 |
| Sale Type | Investment |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 14,338 SF |
| No. Stories | 3 |
| Year Built | 1920 |
| Parking Ratio | 0.28/1,000 SF |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Elevator
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 14 | - | - |
| 2+1 | 2 | - | - |
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (88)
1 of 9
VIDEOS
MATTERPORT 3D EXTERIOR
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1014 Prairie St
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