Listing Agency: Golden Star Realty Group

Listed By: Joe Goldberg · License #States

Source: Crexi

Added: Apr 12 Changed: Aug 22 Last Checked: Aug 29 at 1:35PM

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Investment Insights

Based on property information with market context.

This multifamily property presents a value-add opportunity. Current rents are below market value by $200-$300. An investment of $1.5-$2 million for renovation could increase rents. The property maintains a strong occupancy rate and collection rates, resulting in robust cash flow.

Key Highlights

• Strong occupancy rate
• Great collection rates
• Robust cash flow

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Locksmith Fish Market Clothing & Fashion Store Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,792

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property with value-add potential and strong occupancy.

Where is this apartment building located?

The property is located at 074 Central Ave Houston, TX.

What are key features of this property?

This property features: Strong occupancy rate; Great collection rates; Robust cash flow