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2004 Binz St
Houston, TX 77004
2004 Binz Lofts · Multifamily Property For Sale
·
18 Units
Investment Highlights
- 18 Units | Approx. 12,147 SF GBA | Built 2024
- Ideal for STR | Corporate Housing | Mid-Term | Long-Term Rental
- Prime Urban Infill Location | Near Houston Medical Center | Rice University | Museum District | Downtown
- 8 Studios | 8 One-Bedroom Units | 2 Two-Bedroom Units
- Fully Furnished | Turnkey | Operational from Day One
- Dense Affluent Trade Area | 513,000+ Residents Within 5 Miles | Strong Household Incomes
Executive Summary
2004 Binz Lofts presents the opportunity to acquire a newly constructed, fully furnished 18-unit multifamily/STR asset totaling approximately 12,147 SF GBA in a prime Houston urban infill location. Built in 2024, the property is currently owner-operated as an established Airbnb/short-term rental business with strong historical occupancy and consistent revenue growth. The unit mix includes 8 studios, 8 one-bedroom/one-bath units, and 2 two-bedroom/one-bath units. Offered fully furnished and operational, the property provides a turnkey investment with the flexibility to continue the existing STR model or transition to corporate housing, mid-term, or traditional long-term rentals. Its location near the Texas Medical Center, Rice University, Museum District, Hermann Park, Downtown Houston, NRG, and METRORail supports diversified year-round demand from medical professionals, corporate travelers, university visitors, patients, families, and extended-stay tenants.
Property Facts
| Price Per Unit | $255,556 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 6.67% | Building Size | 12,147 SF |
| No. Units | 18 | Average Occupancy | 92% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2024 |
| Apartment Style | Low-Rise | Parking Ratio | 1.81/1,000 SF |
| Zoning | Commercial - Commercial | ||
| Price Per Unit | $255,556 |
| Sale Type | Investment |
| Cap Rate | 6.67% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 12,147 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 2024 |
| Parking Ratio | 1.81/1,000 SF |
| Zoning | Commercial - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Furnished Units Available
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
| 1+1 | 8 | - | - |
| 2+1 | 2 | - | - |
Property Taxes
| Parcel Number | 0420660000016 | Improvements Assessment | $1,788,832 |
| Land Assessment | $860,000 | Total Assessment | $2,648,832 |
Property Taxes
Parcel Number
0420660000016
Land Assessment
$860,000
Improvements Assessment
$1,788,832
Total Assessment
$2,648,832
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