203 Danna Ln, Houston, TX 77009

This exceptional 4-unit apartment building, completed in October 2024, presents a compelling investment opportunity in Houston's thriving Northside Village submarket. Boasting 4,200 square feet, the property offers a strong 6.40% cap rate and a substantial net operating income (NOI) of $60,844. Each unit commands a price of $237,500, reflecting the high demand in this rapidly appreciating area. Located at 203 Danna Ln, Houston, TX 77009, this property benefits from its proximity to downtown Houston (7 minutes away), the renowned Texas Medical Center, and the expanding METRORail system. The strategic location within Northside Village offers significant rent growth potential fueled by ongoing neighborhood revitalization, new developments, and increasing demand for affordable housing. The area also provides convenient access to a variety of amenities, including White Oak Music Hall, The Houston Farmers Market, and numerous restaurants and retail establishments. Furthermore, Houston's lower-than-national-average cost of living (6% lower according to Payscale) adds to the property's attractiveness. This is a rare chance to acquire a brand-new, high-performing multifamily asset in a dynamic and rapidly growing Houston neighborhood. The asking price for this turnkey investment is $950,000.