8210 Shady Dr Houston, TX 77016

Shady Oaks Apartments, a 19-unit multifamily property, presents a compelling investment opportunity. Situated at 8210 Shady Drive in Houston, Texas, this property enjoys a strategic location northeast of Interstate 69 and Loop 610, conveniently positioned between George Bush International Airport and downtown Houston. Built in 1970, the complex comprises two buildings on a 0.66-acre lot. The property features three floor plans: a 656-square-foot one-bedroom, one-bathroom unit and an 873-square-foot two-bedroom, one-bathroom unit. Average rent per unit is $882. The property includes a shared laundry facility and a central heating and air conditioning system, with most condensers recently replaced. Hot water is provided by a single boiler. This fee-simple, free-and-clear offering benefits from a substantial population base: approximately 249,000 residents within a five-mile radius and nearly 1,100,000 within ten miles. This presents a strong potential for rental income and future appreciation. The property is offered for sale as-is.