Apartment Building for sale at 2606 Beatty Street Houston, TX 77023 · 78 Units · Multifamily For Sale $2,600,00 Cap Rate - Call.

August 2, 2016

 
 

Victory Apartments is a 78-unit garden apartment community located inside the 610 Loop in the U of H/ I-45 South submarket of Houston, Texas. The property benefits from an excellent location on Beatty Street, less than a quarter of a mile south of Interstate 45, and less than a quarter mile north of Telephone Road, a major thoroughfare in South Houston. The submarket has seen exceptional occupancy growth (8.1%) over the last 3 months, and very strong rental rate growth over the last 12 months (3.5%).

* 99% occupied with a strong existing cash flow
* Value-add potential through moderate interior and exterior upgrades
* Exceptional submarket occupancy growth (8.1%) over the last 3 months, and very strong rental rate growth over the last 12 months (3.5%)
* Variety of floorplans (Efficiency, one and two-bedroom units) with sizes ranging from 495 to 950 square feet
* Opportunity to increase revenue with implementation of RUBS for water, gas and/ or electricity
* Exceptional Inner 610 Loop location, with easy access to three of Houston' s major freeways (Interstate 45, 610 Loop, Beltway 8)
* Roofs replaced in 2005; Seller recently spent $10,000 refurbishing the Chiller
* Available All Cash

 

 

Call  George Tesfa for Buyer Agent. 832 607 1113

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