6821 Fairway Ct Houston, TX 77087
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 6821 Fairway Ct
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a 38-unit Class C multifamily portfolio located in Houston, Texas, at 6821 & 6840 Fairway, zip code 77087, within Harris County. Priced at $2,200,000 with owner financing available, this property offers significant value-add potential. The current rents are below market average, providing immediate upside potential through a robust leasing strategy. A $15,000 per unit renovation budget allows for complete upgrades, maximizing rent appreciation and overall property value. The strategic location in a high-demand area offers easy access to key amenities, schools, and public transportation, enhancing its appeal to tenants. Further income streams can be generated through the addition of amenities such as vending machines and on-site laundry facilities. This property represents a compelling investment opportunity for those seeking to capitalize on the strong Houston rental market and enhance property value through strategic renovations and operational improvements. The property's proven track record and potential for increased rental income make it an attractive addition to any investment portfolio. This is a rare opportunity to acquire a well-positioned multifamily asset with substantial upside potential in a thriving Texas market.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.3042
- Latitude
- 29.6937