5601 Hamill Rd | Houston, TX 77039
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- LoopNet Team
5601 Hamill Rd
Houston, TX 77039
Houston Multifamily | Las Palmas Apartments · Multifamily Property For Sale
·
128 Units
INVESTMENT HIGHLIGHTS
- Upside Potential With Below-Market Rates: New ownership will have opportunity to renovate & release units at market rate to maximize investment return
- Near major transportation arteries of Houston, allowing ease of access to major employment centers
- Upmarket Demographics: Population count of ±2.3M people, and an average household income of ±$70,892 within a 10-mile radius of the property
- Ranked #3 in Fortune 500 Headquarters: Houston is ranked #3 among U.S. metropolitan areas in Fortune 500 headquarters
- Major Universities Nearby: University of Houston (±47k students), Texas Tech Univ.(±33k students), Rice Univ. (±8k students), & Texas Southern Univ.
PROPERTY FACTS
| No. Units | 128 | Building Size | 106,640 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1979/2013 |
| Building Class | C | Parking Ratio | 1.41/1,000 SF |
| Lot Size | 6.64 AC | ||
| Zoning | None | ||
| No. Units | 128 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.64 AC |
| Building Size | 106,640 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built/Renovated | 1979/2013 |
| Parking Ratio | 1.41/1,000 SF |
| Zoning | None |
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Disposal
- Fireplace
- Storage Space
- Washer/Dryer Hookup
- Heating
- Porch
SITE AMENITIES
- Clubhouse
- Courtyard
- Laundry Facilities
- Pool
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 48 | $662.50 | 520 - 672 |
| 2+2 | 80 | $810.00 | 918 - 963 |
PROPERTY TAXES
| Parcel Number | 1139680000001 | Improvements Assessment | $6,899,101 |
| Land Assessment | $1,038,878 | Total Assessment | $7,937,979 |
PROPERTY TAXES
Parcel Number
1139680000001
Land Assessment
$1,038,878
Improvements Assessment
$6,899,101
Total Assessment
$7,937,979
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