Log In/Sign Up
Your email has been sent.
3613 Crane St
Houston, TX 77026
Crane Street Apartment Homes · Multifamily Property For Sale
·
8 Units
Executive Summary
Eight-unit multifamily investment opportunity consisting of four two-bedroom units and four one-bedroom units. The property received a comprehensive interior renovation in 2023, including new cabinets, flooring, paint, doors, tubs, toilets, and tile throughout the units, providing a solid foundation for continued operation and future improvements. Major capital items have been addressed, with roofs replaced in 2020 and HVAC systems updated in 2019. The property is currently 7 of 8 units occupied, with several long-term tenants in place, supporting consistent in-place income while allowing an investor the ability to implement rent growth and operational improvements over time. This asset presents an attractive opportunity for an investor seeking existing cash flow with value-add potential, supported by recent renovations and updated major systems, while still offering room to further enhance performance.
Property Facts
| Price Per Unit | $93,750 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 6,520 SF |
| No. Units | 8 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1975/2024 |
| Apartment Style | Low-Rise | Parking Ratio | 1.23/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | none - Opportunity Zoned | ||
| Price Per Unit | $93,750 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 6,520 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built/Renovated | 1975/2024 |
| Parking Ratio | 1.23/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | none - Opportunity Zoned |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Ceiling Fans
- Kitchen
- Oven
- Dining Room
- Freezer
- Smoke Free
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 600 |
| 2+1 | 4 | - | 700 |
Property Taxes
| Parcel Number | 0701070010007 | Improvements Assessment | $430,387 |
| Land Assessment | $81,928 | Total Assessment | $512,315 |
Property Taxes
Parcel Number
0701070010007
Land Assessment
$81,928
Improvements Assessment
$430,387
Total Assessment
$512,315
1 of 30
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
