7526 Martin Luther King Blvd Houston, TX 77033

Norma's Plaza Apartments, a well-maintained 80-unit apartment building located at 7526 Martin Luther King Blvd, Houston, Texas 77033, presents a compelling investment opportunity. Constructed in 2004, this garden-style property boasts a current occupancy rate of 92.5%. The property benefits from its designation as a Low-Income Housing Tax Credit (LIHTC) property, offering a low basis for potential investors. Situated in the Sunnyside neighborhood of Houston, within Harris County, this asset is strategically positioned in a submarket experiencing a shortage of non-age-restricted affordable housing. Currently, rents are significantly below the maximum allowable rents for the area, presenting an immediate opportunity to increase revenue. This translates to both short-term and long-term financial advantages for investors seeking to expand their portfolio within Houston's MSA. The property's strong occupancy and favorable location within a high-demand market make it an attractive prospect for those seeking a stable and potentially high-yielding investment in the multifamily sector. Further details are available in the offering materials.