Renovated 22-Unit Houston Multifamily with Lease-Up Upside - Business for Sale
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Renovated 22-Unit Multifamily Property in Houston, TX
Houston, TX, US
Added today
Real Estate Investment and Property Management
This listing is for a renovated 22-unit multifamily apartment property in Houston, Texas, consisting of 16 two-bedroom and 6 one-bedroom units, currently in active lease-up with 10 units occupied.
Key Information
Asking
$2.0M
Revenue
$270K
Earnings
$150K
Multiple
13.3x
Key Highlights
- 22-unit multifamily property located in Houston, Texas
- Unit mix: 16 two-bedroom/one-bath and 6 one-bedroom/one-bath apartments
- Substantial interior renovations completed, including new flooring, kitchen cabinets, countertops, bathroom vanities and fixtures, interior paint, window replacements, and additional repairs
- 10 of 22 units currently occupied per the rent roll
- Seller's stabilized pro forma assumes rents of $1,050/month for two-bedroom units and $900/month for one-bedroom units, totaling $266,400 in annual gross scheduled rent
Contact Info
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