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7987 Bellfort St
Houston, TX 77061
The Reserve at Bellfort · Multifamily Property For Sale
·
204 Units
Investment Highlights
- - New ownership, based upon area rent comps, can raise rents up to $291 / unit
- - Current ownership spent $1,377,101 on capex since 2019
- - The Southeast Houston submarket has experienced 6.3% 12-month effective rent growth
- - Additions include a fitness center, clubhouse/community room, outdoor kitchen, and playground
- - Submarket is situated 7 miles from downtown Houston with a population of around 45,000
- - Houston is the largest city in the state of Texas and the 4th-largest city in the United States
Property Facts
| No. Units | 204 | Building Size | 177,006 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1955/2019 |
| Building Class | C | Parking Ratio | 1.19/1,000 SF |
| Lot Size | 7.29 AC | ||
| Zoning | Multi-family - Commercial | ||
| No. Units | 204 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 7.29 AC |
| Building Size | 177,006 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1955/2019 |
| Parking Ratio | 1.19/1,000 SF |
| Zoning | Multi-family - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Tile Floors
- Crown Molding
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Patio
- Wheelchair Accessible (Rooms)
- Window Coverings
Site Amenities
- 24 Hour Access
- Clubhouse
- Courtyard
- Fitness Center
- Laundry Facilities
- Picnic Area
- Playground
- Gated
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 164 | $877.00 | 638 |
| 2+2 | 40 | $1,191 | 943 |
Property Taxes
| Parcel Number | 0962940000001 | Improvements Assessment | $6,384,765 |
| Land Assessment | $1,164,955 | Total Assessment | $7,549,720 |
Property Taxes
Parcel Number
0962940000001
Land Assessment
$1,164,955
Improvements Assessment
$6,384,765
Total Assessment
$7,549,720
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