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13928 Bandera St 11 Unit Apartment Building $750,000 ($68,182/Unit) 9.92% Cap Rate Houston, TX 77015
INVESTMENT HIGHLIGHTS
- Cash flowing property in East Houston.
- Located next to a church and walking distance to Cloverleaf Elementary School.
- Convenient access to nearby groceries and shopping.
- 11 Units including 1 Studio, 8 One Bedroom and 2 Two Bedrooms.
- Property has 100% Occupancy.
- Clover Leaf Subdivision with single family homes the area.
EXECUTIVE SUMMARY
Bandera Street Apartments is an 11-unit apartment complex located in the Clover Leaf Subdivision in East Houston. Unit Breakdown: (1) Studio, (8) One-Bedroom Units, and (2) Two-Bedroom Units. This multi-family ready for an Owner-operator that is looking for cash flow. The apartments were built in 1960, renovated in 2016 and 2024. The property is located within walking distance to Cloverleaf Elementary School and is a short driving distance from major thoroughfares, I-10 and Beltway 8.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $750,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $68,182 | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 5,600 SF |
| Cap Rate | 9.92% | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1960/2024 |
| Property Subtype | Apartment | Parking Ratio | 2.5/1,000 SF |
| Price | $750,000 |
| Price Per Unit | $68,182 |
| Sale Type | Investment |
| Cap Rate | 9.92% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Lot Size | 0.30 AC |
| Building Size | 5,600 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1960/2024 |
| Parking Ratio | 2.5/1,000 SF |
AMENITIES
SITE AMENITIES
- Fenced Lot
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $800.00 | 400 |
| 1+1 | 8 | $850.00 | 500 |
| 2+1 | 2 | $1,000 | 600 |
1 1
PROPERTY TAXES
| Parcel Number | 0650710620010 | Improvements Assessment | $285,004 |
| Land Assessment | $131,250 | Total Assessment | $416,254 |
PROPERTY TAXES
Parcel Number
0650710620010
Land Assessment
$131,250
Improvements Assessment
$285,004
Total Assessment
$416,254
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13928 Bandera St
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