For Sale
Call for price

1318 Avenue ASouth Houston, TX 77587

42-unit apartment building, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 42-unit apartment building, located at 1318 Avenue A in South Houston, Texas, presents a compelling investment opportunity. Constructed in 2020, the property boasts a 96% occupancy rate as of September 3, 2024, generating a strong in-place cash flow with a 6.70% cap rate. The six, two-story buildings encompass 55,974 square feet, with 37,625 square feet of net rentable space. The property features 100 parking spaces and comprises 42 units

Highlights

  • 2020 Construction, 96% Occupancy, Stabilized Asset.
  • Light Value-Add Potential.
  • Strong Current Cash Flow.
  • 10% Rent Growth Opportunity.
  • High Occupancy Market with Strong Demand.
  • Limited New Construction Competition.

Property Details for 1318 Avenue A

Property type
Apartment buildings
Square Feet
55,974 SF
Class
B
Year Built
2020
Buildings
6
Stories
2
Units
42

Location Insight

City
South Houston
County
Harris
State
Texas
Latitude
29.6663502
Longitude
-95.2138023
1318 Avenue A, South Houston, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1318 Avenue A
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message