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3501 N Macgregor Way
Houston, TX 77004
The Dynasty Apartments · Multifamily Property For Sale
·
96 Units
Investment Highlights
- The Dynasty Apartments, at 3501 N MacGregor Way, present a 96-unit apartment complex with recent updates.
- The Dynasty Apartments unit-mix consists of one and two-bedroom units.
- Conveniently located near Houston's Medical Center, a highly-populated realm with strong renter demand.
- Houston's MacGregor neighborhood is an urban-suburban node in Houston's Third Ward.
Executive Summary
Womack Development is pleased to present The Dynasty Apartments to the market of investor or developer acquisition. The property is a 96-unit apartment complex comprising 60 one-bed/ one-bath units and 36 two-bed/ one-and-a-half-bath units. 3501 N MacGregor Way is situated on a 2.65-acre corner lot, enabling easy accessibility and visibility. The Dynasty Apartments cater to the demand of renters in Houston's east Medical Center Area and have been well-maintained over time. There is upside potential to tap into via interior and exterior upgrades and renovations to enable at or above market-rate rents.
Property Facts
| Price Per Unit | $70,833 | Lot Size | 2.65 AC |
| Sale Type | Investment | Building Size | 61,176 SF |
| Sale Condition | Redevelopment Project | Average Occupancy | 25% |
| No. Units | 96 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1970/2010 |
| Property Subtype | Apartment | Tenancy | Single |
| Apartment Style | Garden | Parking Ratio | 1.63/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Price Per Unit | $70,833 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 96 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.65 AC |
| Building Size | 61,176 SF |
| Average Occupancy | 25% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2010 |
| Tenancy | Single |
| Parking Ratio | 1.63/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Kitchen
- Oven
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 60 | - | 539 |
| 2+1.5 | 36 | - | 736 |
Property Taxes
| Parcel Number | 0410310330014 | Improvements Assessment | $1,961,933 |
| Land Assessment | $2,656,983 | Total Assessment | $4,618,916 |
Property Taxes
Parcel Number
0410310330014
Land Assessment
$2,656,983
Improvements Assessment
$1,961,933
Total Assessment
$4,618,916
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