1849 W Main St Houston, TX 77098
Well-maintained apartment complex with income potential in improving neighborhood.
Lot size:
0.29 AcresProperty Features for 1849 W Main St
General Information
- Property type
- Investment
- Standard status
- Active
- Lot size
- 0.29 Acres
Building Details
- Year built
- 1940
Source:
Elliman
Listing Agent: Amanda Smith
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
15-Unit Apartment Complex For Sale
This well-maintained 15-unit apartment complex is situated on a corner lot within a rapidly improving neighborhood. The property features a strong current income stream and long-term growth potential. It consists of two 4-plex buildings constructed in 1940 and a 7-unit garden-style building built in 1962, totaling 10,800 square feet. The average unit size is 720 square feet. On-site amenities include laundry facilities, three garage units, and two storage rooms, along with ample parking. All units are equipped with central AC. The front buildings have been repiped with PEX plumbing and individual shut-offs. Recent capital improvements exceeding $100,000 include new roofs installed in 2020, electrical upgrades completed in 2021, and a resurfaced parking lot, also in 2021. Multiple HVAC replacements, new commercial laundry units, updated kitchens in two units, and several new water heaters have also been implemented. The Certificate of Occupancy was renewed in 2021. This turnkey investment offers immediate cash flow and future growth potential due to steady tenant demand and its prime location.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.4069139
- Latitude
- 29.7358115
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FAQs
What type of property is this?
Apartment building - Well-maintained apartment complex with income potential in improving neighborhood.
Where is this apartment building located?
The property is located at 1849 W Main St Houston, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: - Strong current income and long-term upside potential in a rapidly improving neighborhood.; - Recent capital improvements exceeding $100K, including new roofs (2020), electrical upgrades (2021), and resurfaced parking lot (2021).; - All units feature central AC, and the front buildings have been repiped with PEX plumbing and individual shut-offs.
