6218 Gehring St | Houston, TX 77021
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- LoopNet Team
6218 Gehring St
Houston, TX 77021
Value-Add Houston Medical Center Apartments · Multifamily Property For Sale
·
24 Units
INVESTMENT HIGHLIGHTS
- Gehring Place offers an ideal turnkey multifamily investment with 24 fully occupied apartments within the booming Medical Center region of Houston.
- Near major demand drivers, including the world’s largest medical center, NRG Stadium, and the walkable trails of Hermann Park and the Houston Zoo.
- Nearby developments include TMC Helix Park, set to bring 19,000 jobs to the area, and Levit Green, a 296,000 SF lab and office project .3 miles away
- Significant value-add opportunity, with rents at the property sitting 17% below the submarket average for one-bedroom units.
- High concentration of nearby national retail brands, including H-E-B, Target, Kroger, Whataburger, Starbucks, Raising Cane's, and many more.
- Gehring Place is a member of the Rice Graduate Studies recommended housing list.
PROPERTY FACTS
| No. Units | 24 | Building Size | 18,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1957 |
| Building Class | C | Parking Ratio | 0.06/1,000 SF |
| Lot Size | 0.46 AC |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 18,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 0.06/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
SITE AMENITIES
- Courtyard
- Pool
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 24 | - | - |
PROPERTY TAXES
| Parcel Number | 0100050000039 | Improvements Assessment | $1,545,069 |
| Land Assessment | $496,200 | Total Assessment | $2,041,269 |
PROPERTY TAXES
Parcel Number
0100050000039
Land Assessment
$496,200
Improvements Assessment
$1,545,069
Total Assessment
$2,041,269
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