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- LoopNet Team
6109 Fondren Rd
Houston, TX 77036
Fondren Townhomes · Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Four condos available for an investment purchase, collectively, home to month-to-month, stabilized tenants.
- Upside potential via increased rents to or above market rates.
- Nestled outside of Houston in the Sharpstown neighborhood, one of the first to blend residential streets with local recreation and shopping centers.
- Interstate 69 runs directly through Sharpstown and serves as an artery for commutes into downtown Houston, which is 11 miles away.
EXECUTIVE SUMMARY
The Fondren Townhomes (section 02) present four condo units available for purchase. The Fondren Townhomes are in a centralized location close to Westpark, Highway 59, Beltway 8, and The Galleria. The site is gated, well-kept, and renovated, and the units have tiling throughout, with no carpeting. There are two detached carports for each unit, side parking, and street parking. These are stable tenants on month-to-month terms, ideal for a new investor to make updates to increase to higher market rent. The HOA fee is $295 -$345 per unit, which covers exterior insurance, exterior and gate maintenance, water, sewer, and trash. The Fondren Townhomes present four condo units available for purchase: 7653 Bellerive Drive #2, Houston, TX 77036 Rent is $1,100, and the condo has three beds, one full, and two half baths, totaling 1,512 square feet. Parcel ID 098-661-000-0002 Legal Description: UNIT 2 BLDG B .042776 INT COMMON LAND & ELE FONDREN T/H SEC 2. 6109 Fondren Road #10, Houston, TX 77036 The rent is $1,100, and the condo is 1,590 square feet and has three bedrooms, one full bath, and two half baths. Parcel ID 098-661-000-0010 Legal Description: UNIT 10 BLDG A .043363 INT COMMON LAND & ELE FONDREN T/H SEC 2. 6119 Fondren Road #15, Houston, TX 77036 The rent is $1,000, and the condo is 1,374 square feet and has two bedrooms, one full bath, and two half baths. Parcel ID 098-661-000-0015 Legal Description: UNIT 15 BLDG A .037056 INT COMMON LAND & ELE FONDREN T/H SEC 2. 6121 Fondren Road #16, Houston, TX 77036 Rent is $1,050, and the condo has two beds, one full and two half baths, totaling 1,296 square feet. Parcel ID: 098-661-000-0016 Legal Description: UNIT 16 BLDG A .037056 INT COMMON LAND & ELE FONDREN T/H SEC 2.
PROPERTY FACTS
