Multifamily Investment Opportunity
Price
$93,000,000
Exclusive Off-Market Investment Opportunity - "Village at Piney Point" 2601 Lazy Hollow Dr, Houston, TX
Promiseland Realty is pleased to present a unique investment opportunity in the thriving heart of Houston, Texas. This substantial multifamily asset comprises 1,069 units, offering a rare bulk acquisition prospect for discerning institutional investors.
Property Photos: https://drive.google.com/drive/folders/1Jh8McUvihG9fXkmgVW8CbHtTVM2ApDCt?usp=share_link
Key Investment Highlights:
Sale Price: $93,000,000
Cap Rate: 7.5%, reflecting a solid investment return
Occupancy Rate: 95%, demonstrating strong and stable tenant demand
Annual Income: $15,727,982, ensuring robust cash flow
Net Operating Income (NOI): $6,892,788, underpinning the asset's financial health
The property boasts a high occupancy rate and a stable income stream, making it an attractive option for investors looking for a secure and lucrative venture in one of the most dynamic markets. With its substantial scale and proven profitability, this complex is particularly suited for large-scale investment portfolios.
Interested parties are invited to submit their offers directly to investments@promiselandrealtyllc.com. Additional detailed financials and property information are available upon request to qualified investors, ensuring a transparent and informed investment process.
Do not miss this exceptional opportunity to invest in one of Houston's premier residential assets. Act now to expand your portfolio with a prime multifamily complex that promises continued growth and profitability.
Floor Plans
Property Map
"AMERICA'S #1 SOURCE FOR OFF MARKET PROPERTIES"
PROMISE LAND REALTY, LLC
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top.