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Bank Owned-CALL FOR ALL OFFERS 2106 West St 17 Unit Apartment Building For Sale Houston, TX 77026
Investment Highlights
- Lender Owned/REO Multifamily Building
- Most of the Units have been remodeled in 2019
- Only 2 units are Occupied-All other Units are Boarded Up
- Great Upside Potential in Rehab
- Separately metered for all utilities
- On-site Parking
Executive Summary
Special Asset Team presents an exceptional opportunity for rehab 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 are vacant, boarded up, and will bring the market rent after rehab.
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.
With only two occupied (2+1) units with great payment history, all other units are vacant, boarded up, and will bring the market rent after rehab.
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
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 525 - 2,625 |
| 2+1 | 9 | - | 678 - 6,102 |
| 3+1 | 1 | - | 734 - 2,202 |
| Studios | 2 | - | 524 - 1,048 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $266,393 | |
| Land Assessment | $645,900 | Total Assessment | $912,293 |
Property Taxes
Parcel Numbers
Land Assessment
$645,900
Improvements Assessment
$266,393
Total Assessment
$912,293
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Bank Owned-CALL FOR ALL OFFERS | 2106 West St
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