Multifamily Investment Opportunity
Price
$999,999
Off-Market Investment Opportunity: Pipers Crossing Condo Portfolio
Prime Section 8 Investment in Southwest Houston
Introducing an exclusive off-market investment opportunity: Pipers Crossing, a 15-unit condo portfolio primarily comprised of Section 8 properties in Southwest Houston. This investment is enhanced by the option of seller financing, making it an ideal choice for investors seeking a stable and lucrative venture in the Section 8 housing market.
Portfolio Financials: https://drive.google.com/drive/folders/16eNUj0Y9Rlm0cxQJiGug3Ib-PKSE5MjM?usp=share_link
Portfolio Highlights:
Location:Â Located in the bustling Southwest Houston area, renowned for its strong rental demand.
Units:Â 15 fully renovated units within a larger 122-unit complex, primarily Section 8, ensuring stable, government-backed income.
Unit Mix:Â A diverse mix of 7 two-bedroom and 8 one-bedroom units.
Amenities:Â Gated access, a community pool, and ample parking.
Features:Â Each unit boasts separate central AC units and electric meters for efficient utility management.
Financials:
Asking Price:Â $999,999
Monthly Rental Income:Â A substantial $14,846, demonstrating excellent cash flow potential.
Seller Financing:Â Available with a down payment of $300,000 and a fee of $80,000.
Monthly Payment:Â $4,900 required by the seller.
Balloon Payment:Â Due in February 2027.
HOA and Utilities:Â HOA fees are owner-paid, covering essentials like water, sewer, roof, and external maintenance. All units have washer and dryer hookups.
Investment Benefits:
Section 8 Stability:Â Majority Section 8 properties offer reliable, government-backed rental income.
High Demand Area:Â Southwest Houston's dynamic rental market ensures steady tenant demand.
Attractive Living Options:Â Fully renovated units with top-notch amenities enhance tenant appeal.
Efficient Cost Management:Â Separate utilities in each unit enable better expense control.
Growth Potential:Â Imminent rent increases suggest strong market conditions and potential for increased revenue.
Additional Information:
For detailed insights, including photos and unit specifics, please visit our dedicated Google Drive link: Pipers Crossing Portfolio Details.
Connect With Us:
Don't miss this exceptional opportunity to invest in Houston's thriving Section 8 market. To learn more or to discuss this opportunity, please contact us. Act now to incorporate this high-income portfolio into your investment strategy.
Rent Roll:
Property Maps:
Property Map
"YOUR #1 SOURCE FOR OFF MARKET INVESTMENT PROPERTIES, NATIONWIDE"
PROMISE LAND REALTY, LLC
Work: 864-762-2509
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