13932 Victoria St Houston, TX 77015
- Apartment buildings
Current Use by Public Records
- Summer Breeze Apartments / Apartment Complex
- Houston Paving Pros / Paving Contractor
Property Details for 13932 Victoria St
- Year built
- 38
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a portfolio of two well-maintained apartment complexes totaling 75 units in Houston's desirable Cloverleaf submarket. The properties, situated at 13932 Victoria Street and 803 Nancy Rose Street, boast a combined occupancy rate of 98%, offering immediate cash flow. The Victoria Apartments (46 units) features a mix of studio, one-bedroom, and two-bedroom apartments, while the Casa Villa Apartments (29 units) offers a similar unit mix. Both complexes include on-site laundry facilities and ample surface parking. Built 38 years ago, these two-story buildings are zoned for residential planned development. The properties are conveniently located near major highways (I-10 and Beltway 8), providing easy access to commuting routes and a wide array of amenities, including schools, grocery stores (Kroger, Walmart), restaurants (McDonald's, Chick-fil-A, Chipotle), and other retail options (Walgreens, Sam's Club). Currently priced at $5,100,000 ($68,000 per unit), this portfolio presents a compelling opportunity for investors seeking strong returns in a thriving Houston neighborhood. The properties are individually metered and are being sold "AS IS". The current rents are below market value, presenting a significant opportunity for future rent increases and enhanced profitability.
Value Estimation
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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
- -95.1767
- Latitude
- 29.7832
