Multifamily Investment Opportunity
Price
$4,500,000
Off-Market Listing: 9800 Braeburn Glen Blvd, Houston, TX 77074
Price: $4.5M
Units: 56
Location: Houston, TX
Property Overview: This 56-unit multifamily property is located at 9800 Braeburn Glen Blvd, Houston, TX 77074. Priced at $4.5M, this asset presents a stable investment opportunity with a consistent performance over the past three years.
Property Financials: https://drive.google.com/drive/folders/1AAQ7tu-DxLKCyQJWtV5z_AOOHcEI0FG_?usp=share_link
Property Features:
Renovations: Some units have undergone renovations, particularly with replacements of kitchen and bathroom appliances. While the renovations are not extensive, they have contributed to higher rents in select units.
Value Add Potential: There is significant value add potential to increase rents across the property. By upgrading additional units to match the condition of the higher-rent units, investors can capitalize on higher rental income.
Stable Performance: The property has demonstrated stability over the past three years, making it a reliable investment with room for growth.
Investment Highlights:
No Assumable Loan or Seller Financing: Please note that there is no assumable loan or seller financing available for this property.
Immediate Income: The current rent roll reflects the potential for higher income, indicating strong rental demand and the effectiveness of the completed renovations.
Investment Opportunity: This property is ideal for multifamily investors interested in the Texas market, particularly those capable of closing quickly. The combination of existing stable income and value add potential makes this an attractive investment opportunity.
Offers: Please submit all offers directly to investments@promiselandrealtyllc.com.
Don’t miss this chance to acquire a stable, income-generating property with room for growth in the thriving Houston market!
Property Map
"AMERICA'S #1 SOURCE FOR OFF MARKET PROPERTIES"
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