For Sale
$4,500,000
12829 Jones Rd Houston, TX 77070
28-unit Class A apartment complex, Houston, TX
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- New 28-unit Class A multifamily property for sale at $4,500,000.
- Located at 12829 Jones Rd, Houston, TX 77070, on a 2.13-acre lot.
- 41,463 square feet of net rentable space in two two-story buildings; each unit includes two parking spaces.
- Currently under construction, projected completion by December 31, 2024; $600,000 in remaining construction costs.
- Projected NOI of $297,848 in 2025, 80% absorption rate by Fall 2025, and 95% stabilization by 2026. Projected 12% IRR over 10 years.
Property Details for 12829 Jones Rd
- Property type
- Apartment buildings
- Square Feet
- 41,463 SF
- Class
- A
- Year Built
- 2024
- Buildings
- 2
- Stories
- 2
- Lot Size (sq. ft)
- 92,783 SF
- Units
- 28
Location Insight
- City
- Houston
- County
- Harris
- State
- Texas
- Latitude
- 29.960151248947
- Longitude
- -95.585043594934
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - 28-unit Class A apartment complex, Houston, TX
- Where is the apartment building located?
- The property is located at 12829 Jones Rd Houston, TX.
- What is the asking price?
- The asking price for this property is $4,500,000.
- What are key features of this property?
- This property features: New 28-unit Class A multifamily property for sale at $4,500,000.; Located at 12829 Jones Rd, Houston, TX 77070, on a 2.13-acre lot.; 41,463 square feet of net rentable space in two two-story buildings; each unit includes two parking spaces.
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