103 Avenue E | South Houston, TX 77587
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- LoopNet Team
103 Avenue E
South Houston, TX 77587
Balboa Apartments · Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- Rents are substantially below market. Add value by raising rents as-is or compound the value add play further by adding upgrades to the units.
- Property is 100% occupied. Strong historical occupancy and long-term tenants further support the existence of below market rents.
- Owner never attempted any significant rent raises. Strong historical occupancy/long-term tenants further support below market rents at the property.
- Well located in a quiet residential neighborhood with easy access to I45
PROPERTY FACTS
| No. Units | 12 | Lot Size | 0.27 AC |
| Property Type | Multifamily | Building Size | 8,740 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1973 |
| Building Class | C | Parking Ratio | 1.6/1,000 SF |
| Zoning | None | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 8,740 SF |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.6/1,000 SF |
| Zoning | None |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Range
- Family Room
- Vinyl Flooring
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Trash Pickup - Curbside
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $600.00 | - |
| 2+1 | 4 | $725.00 | - |
PROPERTY TAXES
| Parcel Number | 0341520010009 | Improvements Assessment | $454,729 |
| Land Assessment | $143,100 | Total Assessment | $597,829 |
PROPERTY TAXES
Parcel Number
0341520010009
Land Assessment
$143,100
Improvements Assessment
$454,729
Total Assessment
$597,829
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