W Airport Blvd, Houston, TX 77071, USA

124 units Class B Apartment Complex 5.25-5.50% CAP rate Property is fully occupied This property was owned by the Houston mayor before the current owner. He would like the new buyer to uphold certain standards and upkeep the property the same way he has The property is cash flowing amazingly , as he is making adjustments to his portfolio and has recently acquired new assets that are shifting his investments . Owner is in great health and has always maintained his own properties He knows every tenant on a first and last name basis, they are all blue-collar workers and have no problem paying rent or any objections to future rent increases ,he never has any callouts or maintenance issues Property is 90% complete and has just finished being habitable in December. There was a small fire to some units in February as is clearly reflected in the financials. Could use small updates of cabinetry in units and apply more rent increases Rents will be raised soon, in the meanwhile….. The pool was just drained, cleaned and back filled with water this week All new boilers, so there will be no issue with hot water … also new 4 ton AC units Property is well-maintained All tenants pay their own utilities Owner handles all common areas FINANCIALS AVAILABLE FOR QUALIFIED BUYERS ONLY.... TO GET THE FINANCIALS, SELLER NEEDS A VERIFIABLE PROOF OF FUNDS FROM THE BUYER. About This Property Private Rooms in Luxury Home near Hobby Airport, starting from $145/week, all utilities and Wifi included. Huge home with large rooms with most rooms having desks and chairs as well! Queen sized beds and larger! Near the Hobby Airport this home provides you with a large kitchen, plenty of space, available additional storage for those that need it, and several room styles to choose from. We have more secluded rooms, rooms with walk in closets, rooms with reading chairs, and rooms bathed in natural sunlight! This home is professionally cleaned monthly to maintain cleanliness and harmony. Property is located in Harris County and the 77061 ZIP Code. This area is served by the Houston Independent attendance zone. Community Amenities Pool Laundry Facilities Business Center Grill Package Service Laundry Facilities Maintenance on site Property Manager on Site Laundry Service Online Services Business Center Breakfast/Coffee Concierge Sauna Spa Pool Gated Sundeck Grill Apartment Features Air Conditioning Dishwasher Washer/Dryer Hookup High Speed Internet Access Walk-In Closets Refrigerator Tub/Shower Disposal Highlights High Speed Internet Access Washer/Dryer Hookup Air Conditioning Heating Ceiling Fans Smoke Free Cable Ready Storage Units Tub/Shower Fireplace Wheelchair Accessible (Rooms) Kitchen Features & Appliances Dishwasher Disposal Pantry Eat-in Kitchen Kitchen Range Refrigerator Breakfast Nook Floor Plan Details Tile Floors Dining Room Walk-In Closets Window Coverings Balcony Patio Deck Pet Policies Dogs Allowed Restrictions: Breed restrictions may apply Text/Call (202) 743-1888.