3357-3359 Frick Rd | Houston, TX 77086
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- LoopNet Team
3357-3359 Frick Rd
Houston, TX 77086
Multifamily Property For Sale
·
32 Units
INVESTMENT HIGHLIGHTS
- Strong Cash Flow | Significant Rental Upside | Strong tenant base + renewal activity
- Amazing cash flow, renewals currently being signed at $1,050-$1,150/m with very little upgrade to units.
- Current 6.4% cap rate, 191K per year NOI.
- Opportunity to improve the property & units interior will bring in GREATER than current rates which average around $875 per unit
PROPERTY FACTS
| No. Units | 32 | Building Size | 26,112 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Townhome | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.23/1,000 SF |
| Lot Size | 2.03 AC |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 2.03 AC |
| Building Size | 26,112 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1962 |
| Parking Ratio | 1.23/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 32 | - | - |
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