9211 Green River DrHouston, TX 77078
Houston Multifamily Value-Add Opportunity
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 117
Highlights
- Exceptional value-add multifamily investment opportunity in Houston, TX.
- 12-unit property located at 9211 N Green River Dr, 77078, on a one-acre lot with an additional half-acre available.
- 8,000 sq ft building, with 6,900 sq ft of net rentable area, currently generating $87,689 NOI (6.75% cap rate).
- Asking price: $1,300,000 ($108,333 per unit, $162.50/sq ft).
- Recently renovated (2017, 2021, 2022, 2023), with a mix of one- and two-bedroom units, currently 100% occupied.
- Potential for expansion with 12-14 additional units.
Property Details for 9211 Green River Dr
- Property type
- Apartment buildings
- Square Feet
- 8,000 SF
- Year Built
- 1965
- Buildings
- 3
- Stories
- 2
- Units
- 12
Location Insight
- City
- Houston
- County
- Harris
- State
- Texas
- Latitude
- 29.8358953
- Longitude
- -95.2531382
Nearby Similar for Sale
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