This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
5050 Yale St
Houston, TX 77018
The Avenue · Multifamily Property For Sale
·
250 Units
PROPERTY FACTS
| No. Units | 250 | Building Size | 194,298 SF |
| Property Type | Multifamily | Average Occupancy | 88% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1972/2018 |
| Building Class | C | Parking Ratio | 4.56/1,000 SF |
| Lot Size | 10.29 AC | ||
| Zoning | None | ||
| No. Units | 250 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 10.29 AC |
| Building Size | 194,298 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2018 |
| Parking Ratio | 4.56/1,000 SF |
| Zoning | None |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Tub/Shower
- Walk-In Closets
- Carpet
SITE AMENITIES
- Clubhouse
- Fitness Center
- Laundry Facilities
- Picnic Area
- Playground
- Pool
- Property Manager on Site
- Gated
- Grill
- Volleyball Court
ABOUT 5050 YALE ST , HOUSTON, TX 77018
1.) Property is being offered "All Cash" (buyer to acquire new loan) 2.) Nicely Renovated, 1971 Built, "B-" Grade, Garden Style Apartment Community 3.) The property is located just outside the 610 Loop of Houston. It is minutes from Downtown Houston and major employment areas of Houston. The area is undergoing revitalization with the addition of the MetroRail (Red Line) 4.) Above average amenities compared to other properties of its vintage in the area 5.) Recently Renovated Office, Leasing Center, Clubhouse, Fitness Center & Laundry Room 6.) Outdoor Amenities - BBQ Grills, Picnic Tables, Park, Soccer Field, Pool and Playground 7.) 94% Occupancy as of 7-31-2018 Rent Roll 8.) Rents are below the Property's Competition 9.) Possible Upside Potential with Interior Upgrades to the Standard Units 10.) Area has Low Apartment density with a dense and growing population 11.) The Laundry Equipment is owned by the Property, there is no contract in place 12.) A RUBS is used to charge back electricity - the sub-meters are working but not utilized
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 94 | $787.50 | 627 |
| 2+1 | 132 | $912.50 | 840 |
| 3+2 | 24 | $1,070 | 1,020 |
PROPERTY TAXES
| Parcel Number | 0160010000013 | Improvements Assessment | $12,489,425 |
| Land Assessment | $8,086,474 | Total Assessment | $20,575,899 |
PROPERTY TAXES
