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Haven 1600 Apartments 1600 Avenue M 114 Unit Apartment Building $11,900,000 ($104,386/Unit) South Houston, TX 77587
INVESTMENT HIGHLIGHTS
- Conveniently Located
- Recent Updates
- On-Site Staff & Management
EXECUTIVE SUMMARY
Located about ten miles southwest of Downtown Houston, South Houston offers residents a small-town reprieve from the big-city bustle. Largely a residential community, South Houston is home to a bevy of small businesses, delectable international cuisine, and Latin American markets. South Houston is nearby numerous scenic parks, including Strawberry Park, Wilson Memorial Park, and Burke Crenshaw Park, where residents can partake in all kinds of outdoor recreation. Attractions such as the Hobby Airport, San Jacinto Battleground, and Lyndon B. Johnson Space Center are just minutes from South Houston as well. Galveston and its many amenities are also less than an hour’s drive from South Houston. Commuting and traveling from South Houston is easy with access to I-45 and I-610.
PROPERTY FACTS
| Price | $11,900,000 | Building Class | C |
| Price Per Unit | $104,386 | Lot Size | 2.75 AC |
| Sale Type | Investment | Building Size | 106,064 SF |
| No. Units | 114 | Average Occupancy | 61% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1969/2022 |
| Apartment Style | Low-Rise | Parking Ratio | 0.2/1,000 SF |
| Zoning | None | ||
| Price | $11,900,000 |
| Price Per Unit | $104,386 |
| Sale Type | Investment |
| No. Units | 114 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.75 AC |
| Building Size | 106,064 SF |
| Average Occupancy | 61% |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2022 |
| Parking Ratio | 0.2/1,000 SF |
| Zoning | None |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Disposal
- Heating
- Kitchen
- Oven
- Range
SITE AMENITIES
- Picnic Area
- Property Manager on Site
- Grill
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 58 | $949.50 | 463 - 775 |
| 2+1 | 48 | $1,250 | 853 |
| 2+2 | 2 | $1,399 | 777 |
| 3+1.5 | 6 | $1,600 | 1,243 |
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Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $6,699,790 | |
| Land Assessment | $480,000 | Total Assessment | $7,179,790 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$480,000
Improvements Assessment
$6,699,790
Total Assessment
$7,179,790
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Haven 1600 Apartments | 1600 Avenue M
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