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Oak Acres Apartments 2811 Broad St 41 Unit Apartment Building For Sale Houston, TX 77087

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Investment Highlights

All Cash or New Loan
Excellent Upside Potential

Excellent Location in U of H/ I-45 South Submarket of SE Houston
Below Market Rents

Executive Summary

The Oak Acres Apartments is a two story garden style apartment community located in the U of H/I-45 South submarket of SE Houston, TX in the Gulgate-Pine Valley neighborhood. The asset was constructed in 1964 and per HCAD, underwent some renovations in 2022. The property offers residents fully equipped kitchens with carpeted bedrooms, heating and patios/balconies. Some tenants pay for electricity. Water, gas and trash are paid by the property.
Regarding repairs, one building roof was installed in 2022 and the others were installed in 2020, all are in good condition, per Owner. Dual heat/cooling units were installed in the majority of units over 2025/2026. They replaced 350 ft of sewer pipes throughout the property in 2023 and 2024. There are reportedly no plumbing issues. Laundry room was updated in 2022 and two new water heaters were installed in 2024. Plenty of exterior work was completed in 2025, including fascia and soffit repairs and paint, and concrete work on patio landings where required.

OakAcres

BROKER DISCLOSURE FORM - TREC 11-03-25 - KET

Property Facts

Sale Type	Investment	Lot Size	0.92 AC
No. Units	41	Building Size	27,176 SF
Property Type	Multifamily	Average Occupancy	86%
Property Subtype	Apartment	No. Stories	2
Apartment Style	Garden	Year Built/Renovated	1964/2022
Building Class	C	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.
Zoning	HN/A

Sale Type	Investment
No. Units	41
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Lot Size	0.92 AC
Building Size	27,176 SF
Average Occupancy	86%
No. Stories	2
Year Built/Renovated	1964/2022
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.
Zoning	HN/A