6723 Loop Houston, TX 77087
- Apartment buildings
- 6,794 SF
Current Use by Public Records
- Apartment buildings
Property Details for 6723 Loop
- Year built
- 1954
- Property size
- 6,794 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a nine-unit multifamily property ideally situated on Houston's South Loop at 6723 S. Loop E, in Harris County, Texas, zip code 77087. The property, a Class C building, encompasses 6,794 square feet and consists of two, two-story buildings constructed in 1954 and extensively renovated in 2016. The complex comprises eight two-bedroom, one-bathroom units and one one-bedroom, one-bathroom unit. Comparable market rents within a one-mile radius average $1200 per month for two-bedroom units and $900 for one-bedroom units. The property's convenient location offers easy access to major thoroughfares, including the Gulf Freeway, and is in close proximity to the Port of Houston, NRG Stadium, and Downtown Houston. While the property requires immediate attention due to damage sustained from theft, preventing the issuance of a Certificate of Occupancy, this distressed sale presents a unique opportunity for a quick close within 30 days. The asking price is $985,000, representing a 100% ownership stake with no ground lease. Note that photos currently reflect the property's condition prior to the theft
Value Estimations
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AI approach
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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
- -95.3057
- Latitude
- 29.6968