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17 Units-Bank Owned-Priced to Sell 2106 West St 17 Unit Apartment Building $900,000 ($52,941/Unit) Houston, TX 77026

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INVESTMENT HIGHLIGHTS

Lender Owned/REO Multifamily Building
Most of the Units have been remodeled
Only 2 units are occupied

Prime location in Houston area
Separately metered for all utilities

EXECUTIVE SUMMARY

Special Asset Team presents an exceptional opportunity for Multifamily / Low- Rise/Garden investors in the Houston area. This historic property at 2106 West St boasts a 10,509 SF building with 17 well-appointed units, offering a compelling investment proposition. Unit mix consists of: 2 Studios, Five 1BR/1BA, Nine 2BR/1BA, and One 3BR/1BA units.
With only two occupied (2+1) units with great payment history, all other units will bring the market rent.
Built in 1935, this charming property exudes character and potential. With the advantage of being zoned "No Zoning Restrictions," investors have the flexibility to explore various development options. Boasting a prime location in Houston, this property presents a promising investment with significant potential for growth and success in the thriving Houston real estate market.

PROPERTY FACTS Under Contract

Price	$900,000	Building Class	C
Price Per Unit	$52,941	Lot Size	0.63 AC
Sale Type	Investment	Building Size	10,509 SF
Sale Conditions	Distress Sale REO Sale	Average Occupancy	13%
No. Units	17	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1935/2019
Property Subtype	Apartment Multifamily Dormitory	Parking Ratio	1/1,000 SF
Apartment Style	Garden	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$900,000
Price Per Unit	$52,941
Sale Type	Investment
Sale Conditions	Distress Sale REO Sale
No. Units	17
Property Type	Multifamily
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Garden
Building Class	C
Lot Size	0.63 AC
Building Size	10,509 SF
Average Occupancy	13%
No. Stories	2
Year Built/Renovated	1935/2019
Parking Ratio	1/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.