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The Reveille at Golfcrest 3040 Golfcrest Blvd 12 Unit Apartment Building $695,000 ($57,917/Unit) Houston, TX 77087
Investment Highlights
- Centrally Located Asset with Significant Upside Through Value-Add Enhancements
- Individually Metered Electricity
- Stabilized Asset Located in the Heart of Houston
Executive Summary
Marcus & Millichap is pleased to present a compelling value-add opportunity located in the heart of Houston. Positioned just off the 610 Loop, the property offers
tenants immediate access to Houston's major thoroughfares and employment hubs, enhancing long-term renter demand and investment stability.
This asset is comprised of 12 total units, featuring 10 spacious one-bedroom/one-bath layouts and 2 two-bedroom/two-bath units. With only one current vacancy, the
property provides investors with a rare opportunity to acquire a stabilized asset with immediate upside potential. Strategic value-add enhancements can be
implemented early in the hold period to unlock additional cash flow and long term appreciation.
The current ownership has completed substantial capital improvements to both the interior and exterior, while leaving room for further upgrades to maximize returns.
The fully gated property includes covered parking and an on-site laundry facility, both of which can be further monetized to increase additional income.
Whether you are a first time investor or looking to expand an existing portfolio, this offering presents an exceptional opportunity to acquire a well-located, incomeproducing asset with strong value-add potential in central Houston.
tenants immediate access to Houston's major thoroughfares and employment hubs, enhancing long-term renter demand and investment stability.
This asset is comprised of 12 total units, featuring 10 spacious one-bedroom/one-bath layouts and 2 two-bedroom/two-bath units. With only one current vacancy, the
property provides investors with a rare opportunity to acquire a stabilized asset with immediate upside potential. Strategic value-add enhancements can be
implemented early in the hold period to unlock additional cash flow and long term appreciation.
The current ownership has completed substantial capital improvements to both the interior and exterior, while leaving room for further upgrades to maximize returns.
The fully gated property includes covered parking and an on-site laundry facility, both of which can be further monetized to increase additional income.
Whether you are a first time investor or looking to expand an existing portfolio, this offering presents an exceptional opportunity to acquire a well-located, incomeproducing asset with strong value-add potential in central Houston.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $695,000 | Building Class | C |
| Price Per Unit | $57,917 | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 8,118 SF |
| No. Units | 12 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1935/2022 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Price | $695,000 |
| Price Per Unit | $57,917 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 8,118 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1935/2022 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 648 |
| 2+1 | 2 | - | 780 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0582470000005 | Improvements Assessment | $758,930 |
| Land Assessment | $38,878 | Total Assessment | $797,808 |
Property Taxes
Parcel Number
0582470000005
Land Assessment
$38,878
Improvements Assessment
$758,930
Total Assessment
$797,808
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The Reveille at Golfcrest | 3040 Golfcrest Blvd
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