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3815 Fannin St 15 Unit Apartment Building $895,000 ($59,667/Unit) 8.89% Cap Rate Houston, TX 77004

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Investment Highlights

3,699 SF Communal Housing (15 Units) / 5,000 SF Lot
100% Occupancy with Low Turnover
Recent Renovations include: new roof, new hardy plank, new flooring in common areas, new windows

Prime Midtown Location
Upside in Rents
Annual NOI: $79,550

Executive Summary

Prime investment opportunity in the heart of Midtown Houston. 3,699 SF communal housing property situated on a 5,000 SF lot, offering 15 fully leased units with 100% occupancy and consistently low turnover. The property has undergone significant recent capital improvements, including a new roof, Hardy Plank siding, new windows, and updated flooring in common areas. With an annual NOI of $79,550 and clear upside in rents, this asset presents a stabilized income stream in one of Houston’s most desirable urban submarkets.

3815 Fannin_v3

Property Facts

Price	$895,000	Apartment Style	Low-Rise
Price Per Unit	$59,667	Lot Size	0.11 AC
Sale Type	Investment	Building Size	3,699 SF
Cap Rate	8.89%	Average Occupancy	100%
No. Units	15	No. Stories	1
Property Type	Multifamily	Year Built/Renovated	1930/2018
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$895,000
Price Per Unit	$59,667
Sale Type	Investment
Cap Rate	8.89%
No. Units	15
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Lot Size	0.11 AC
Building Size	3,699 SF
Average Occupancy	100%
No. Stories	1
Year Built/Renovated	1930/2018
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.