1708 Washington Avenue
Suite B
Houston, TX 77007
Cell:
Fax: (713) 583-7080
Home:
Work Phone: (713) 236-8555
Email Showcase

MULTIFAMILY OPPORTUNITY AT 3245 Dixie Drive, Houston Tx Houston ( Texas, US - 77021) Built

$585,000 USD
More for your money

Showcase Properties of Texas

Showcase Team Showcase Team (713) 236-8555 (Office) (713) 583-7080 (Fax) Request More Info

  • New successful multifamily in Houston
  • Type: Multifamily
  • Style: 2 Storey
  • Bedrooms: 7
  • Bathrooms: 5
  • Size: 3,669 sq. ft.
  • Development Level: Built
  • Lot Size: 5360 acres
  • Year Built: 2019

Description

A great opportunity to get a newly-constructed multifamily building
Each building offers a triplex: 3bed, 2 baths on 1st floor, and two more with 2beds and 2 bads on 2nd floor.
It is surrounded by schools, universities (Rice, UST, TSU, & UofH), the Texas Medical center
Sold Comparables
 Radius of 2 miles
 All comps are much older multi-family buildings – built in 30s, 40s, & 50s
 Comps suggest base price of $577,500
 Adjust upward $100,000 for new construction
 Adjust downward $47,425 (7%) for location objections
 Estimated adjusted list price $630,075

Rents range (monthly) $1,250 to $1,400

Attachments

Brokered and Advertised by : Thomas Investments
P2#347213175
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Information is deemed to be correct but not guaranteed.