9110 Meadowshire St Houston, TX 77037

This quadruple investment opportunity is located just east of I-45, near the newly renovated four-lane Gulf Bank Drive. The property includes a 53-unit apartment complex, a restaurant and convenience store, a car lot, and one acre of open land. The apartment complex has been family-owned for over 50 years and well-maintained with steady, long-term tenants. The vacancy rate is under 10%, and major roof renovations have been completed in the last four years. There is potential for rental increases. The neighborhood is located between two church complexes. Commuting is convenient, with I-45 five minutes away, Loop 8 ten minutes away, Bush Airport fifteen minutes away, and downtown Houston fifteen minutes away. The apartments have their own water supply with two deep wells and a wastewater processing facility. The one acre of open land is suitable for additional opportunities, such as lots for new homes, mobile homes, or commercial businesses. This land is directly adjacent to a Catholic Church. The property is within the unincorporated area of Houston, so no building restrictions apply. Also included is a convenience store and restaurant that adjoins Airline Drive and has continuous high traffic and customers. The same tenant has leased and managed the business for 15 years. The car lot fronts Airline Drive with 175 feet of frontage. The auto traffic in this area is approximately 19,000 vehicles per day. This 0.82-acre tract of land has potential for a car lot, retail building, or other type of business.