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10909 Gulf Fwy
Houston, TX 77034
Del Mar Apartment Homes · Multifamily Property For Sale · 544 Units

INVESTMENT HIGHLIGHTS

  • Buyer to acquire new financing
  • Located within minutes of Downtown Houston
  • Laundry contract is month to month - New buyer will be able to negotiate new contract
  • 18.28 acres of land with frontage on I-45 (Gulf Freeway)
  • Proven Upside in Rents with continued interior improvements - well below competitions average market rents!
  • Upside in Occupancy - well below competitions occupancy average

PROPERTY FACTS

No. Units 544
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 18.28 AC
Building Size 419,316 SF
Average Occupancy 85%
No. Stories 2
Year Built/Renovated 1978/2010
Parking Ratio 1.44/1,000 SF
Zoning MFR - Multifamily Residential

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Disposal
  • Fireplace
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • High Speed Internet Access
  • Ice Maker
  • Refrigerator
  • Satellite TV
  • Oven
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Carpet
  • Built-In Bookshelves
  • Den
  • Dining Room
  • Linen Closet
  • Pantry
  • Patio
  • Porch
  • Window Coverings

SITE AMENITIES

  • Business Center
  • Controlled Access
  • Clubhouse
  • Fenced Lot
  • Fitness Center
  • Laundry Facilities
  • Picnic Area
  • Playground
  • Pool
  • Property Manager on Site
  • Laundry Service
  • Package Service
  • Maintenance on site

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0881190000020
Land Assessment
$6,371,224
Improvements Assessment
$28,009,530
Total Assessment
$34,380,754
  • Listing ID: 25068284

  • Date on Market: 2/16/2022

  • Last Updated:

  • Address: 10909 Gulf Fwy, Houston, TX 77034

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