12829 Jones RdHouston, TX 77070
- Apartment buildings
- 41,463 SF
Property Details for 12829 Jones Rd
- Year built
- 2024
- Lot size
- 2.13 AC
- Property size (Sq ft)
- 41,463 SF
- Property type
- Apartment buildings
Description
This exceptional Class A multifamily investment opportunity presents a newly constructed, 28-unit apartment complex located at 12829 Jones Rd, Houston, Texas, in Harris County, zip code 77070. The property boasts 41,463 square feet of net rentable space across two, two-story buildings, situated on a 2.13-acre lot. Each of the 28 units includes 2 parking spaces. Currently vacant, the property is projected to be fully operational by December 31, 2024. The asking price is $4,500,000, translating to $160,714 per unit and $108.53 per square foot. The projected pro-forma NOI is $620,340, yielding a 13.79% cap rate. This stabilized investment offers a compelling return, with projections indicating strong occupancy rates and significant income generation. The property's strategic location near major thoroughfares like Hwy 290 and Hwy 249 ensures convenient access to employment centers, retail, and entertainment, maximizing tenant appeal. Detailed financial projections are available upon request. The property's APN is 046-056-000-0052. This is a for-sale-by-owner property.
Location Insight
- City
- Houston
- County
- Harris
- State
- Texas
- Latitude
- 29.9602
- Longitude
- -95.585
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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