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8401 Park Place Blvd
Houston, TX 77017
Park Place Apartments · Multifamily Property For Sale
·
42 Units
PROPERTY FACTS
| No. Units | 42 | Building Size | 43,178 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1963/2013 |
| Building Class | C | Parking Ratio | 0.83/1,000 SF |
| Lot Size | 1.35 AC | ||
| Zoning | none | ||
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.35 AC |
| Building Size | 43,178 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2013 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | none |
AMENITIES
UNIT AMENITIES
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
- Playground
- Property Manager on Site
ABOUT 8401 PARK PLACE BLVD , HOUSTON, TX 77017
Scott Gray Real Estate is pleased to introduce to the market the 42 unit Park Place Apartments located at 8401 Park Place Boulevard, Houston, Texas, 77017. The apartment community is located just east of the I45 and Broadway/Park Place exit just south of the Loop 610. Constructed in 1963, Park Place Arms consists of four flat roofed, brick buildings (mostly) built on poured in place concrete slabs. Recent years have afforded the project numerous improvements however much is left to be done to maximize the project's potential. Our robust economy and a rising population have placed high demand on aged, affordable housing driving rents and prices to new levels. The Park Place Arms Apartments is the ideal investment for the smaller owner looking for a "user friendly" investment with a "value add" component. Absentee ownership has had serious impact on the operation leaving significant opportunity for the local, hands on operator. Property shown by appointment only! You are welcome to drive by but please do not engage any tenants or project personnel.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 18 | $725.00 | 670 |
| 2+1 | 24 | $825.00 | 800 |
PROPERTY TAXES
| Parcel Number | 0283430000004 | Improvements Assessment | $2,289,562 |
| Land Assessment | $294,900 | Total Assessment | $2,584,462 |
PROPERTY TAXES
