3611 Murworth Dr
Houston, TX 77025
Murworth Apartments · Multifamily Property For Sale · 20 Units

The Murworth Apartments, is a two story, garden-style, apartment community located in the Medical Center submarket of Houston,Texas. The asset was built in 1955. Residents enjoy ample amenities which include: mini-blinds, kitchen pantries, ceiling fans, laundry facilities, patios and balconies and walk-in closets. Per seller, the asset was extremely remodeled in 2016 including new roofs, windows, appliances, granite, cabinets, doors, electrical etc. The Texas Medical Center is one of the largest employment generators in Houston, currently undergoing a $3 billion expansion.  The area incomes are maybe 50% higher than Houston averages.  In the long term, the real value here is in the land.  A buyer could control this asset and in the long term, look to redevelop with a denser development.  The Wall Street Journal predicts that the Houston apartment market will be the strongest in the United States for the next five years.  Please ask the broker for a copy of this article and the recent Houston Chronicle article about Houston job growth! Seller recommends that the ownership entity be purchased in order to avoid a major tax bump. Per owner, as of 9/17 there is only 1 vacant unit.