10534 Beechnut St | Houston, TX 77072
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10534 Beechnut St
Houston, TX 77072
Villa Adora Apartments · Multifamily Property For Sale
·
266 Units
INVESTMENT HIGHLIGHTS
- Property is being offered on an "all Cash" basis or on the Assumption of the current Below Market (3.29%) Interest Rate loan.
- 202 units have W/D connections and approx. 50% of the units have new PEX piping
- Proven Upside - the Owner has upgraded approx. 30% of the units which has resulted in a $100/month increase in rents on upgraded units
- The current assumable loan is interest only through the maturity date of 10/2031. Please contact the listing broker for additional details.
- Located in a Strong Rental Market in one of Houston's most populated areas with a strong Asian and Hispanic influence
- 30% of the apartments have been upgraded with new cabinets, countertops, electrical upgrades. One unit on the property is used as a clubroom.
PROPERTY FACTS
| No. Units | 266 | Building Size | 266,216 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1980 |
| Building Class | C | Parking Ratio | 1.4/1,000 SF |
| Lot Size | 10.94 AC |
| No. Units | 266 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 10.94 AC |
| Building Size | 266,216 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 1.4/1,000 SF |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Washer/Dryer Hookup
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Walk-In Closets
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Playground
- Property Manager on Site
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 56 | $815.00 | 550 - 848 |
| 2+1 | 128 | $1,013 | 882 - 914 |
| 2+2 | 48 | $1,150 | 1,033 - 1,270 |
| 2+2.5 | 14 | $1,320 | 1,257 - 1,636 |
| 3+2 | 12 | $1,250 | 1,250 |
| 3+2.5 | 8 | $1,400 | 1,474 - 1,491 |
PROPERTY TAXES
| Parcel Number | 0420640000006 | Improvements Assessment | $15,056,970 |
| Land Assessment | $1,906,536 | Total Assessment | $16,963,506 |
PROPERTY TAXES
Parcel Number
0420640000006
Land Assessment
$1,906,536
Improvements Assessment
$15,056,970
Total Assessment
$16,963,506
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