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Residencias Hobby 8700 Gulf Fwy 80 Unit Apartment Building $4,400,000 ($55,000/Unit) Houston, TX 77017
Investment Highlights
- Hospitality-Style Layout & On-Site Amenities
- Recently Renovated Asset with Near-Term CapEx Advantages
- Opportunity for Revenue Growth and Operational Optimization
- Strategic Location & Demand Drivers
- Scaled Hospitality Asset with Strong Revenue Potential
Executive Summary
Located along the high-visibility 8700 Gulf Freeway corridor with direct access to Interstate 45, this asset is a repositioned hospitality to-multifamily conversion operating as workforce housing in a demand-driven submarket. The property features copper wiring, recent capital improvements—including two roofs replaced in 2024--and 9 fully renovated units, supporting both operational stability and continued value-add potential. Positioned between Downtown Houston and the Hobby Airport area, the asset benefits from strong visibility and accessibility, offering investors a cash-flowing opportunity with upside through further unit upgrades and operational optimization.
What Is a Minimum Bid?
Minimum Bid represents the starting price at which ownership is willing to review qualified purchase offers.?
What Is a Minimum Bid?
Minimum Bid represents the starting price at which ownership is willing to review qualified purchase offers.?
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
| Price | $4,400,000 | Apartment Style | Garden |
| Price Per Unit | $55,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.89 AC |
| No. Units | 80 | Building Size | 44,392 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2023 |
| Price | $4,400,000 |
| Price Per Unit | $55,000 |
| Sale Type | Investment |
| No. Units | 80 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.89 AC |
| Building Size | 44,392 SF |
| No. Stories | 2 |
| Year Built | 2023 |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Property Taxes
| Parcel Number | 0642150000027 | Improvements Assessment | $794,447 |
| Land Assessment | $1,081,444 | Total Assessment | $1,875,891 |
Property Taxes
Parcel Number
0642150000027
Land Assessment
$1,081,444
Improvements Assessment
$794,447
Total Assessment
$1,875,891
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Residencias Hobby | 8700 Gulf Fwy
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