7830 Bayou Forest Dr Houston, TX 77088

This Houston, Texas multifamily property presents a compelling value-add opportunity. The 24-unit apartment building, constructed in 1985, comprises six two-story buildings situated on a 1.92-acre lot. Offering a total of 83,513 square feet, with 26,520 square feet of net rentable space, the property currently boasts 58% occupancy. Each of the 24 units features 1,105 square feet, two bedrooms, and 1.5 bathrooms, complete with washer/dryer connections, individual HVAC systems, and individual water heaters. The property includes 48 parking spaces and is conveniently located at 7830 Bayou Forest Dr, Houston, TX 77088, outside of a flood zone, with easy access to US Hwy-290 and major retailers. Currently, eight units are occupied by Section 8 tenants. Significant upside potential exists through improved marketing strategies to capitalize on the submarket's 91% occupancy rate. Exterior improvements and the addition of in-unit washers and dryers would further enhance tenant appeal. The property is offered free and clear of debt, presenting a rare chance to acquire a mid-1980s construction at a fraction of replacement cost. Houston's robust economic growth, fueled by major developments like Austin Point and the Houston Astros Entertainment District, ensures a strong future for this investment.