4414 Woodside St, Unit 12 Houston, TX 77023-1173

Property Details for 4414 Woodside St

Year built

1930

Construction

BRICK

Lot size

0.27 lot acres

Property size

8,066 SF

Property type

Apartment buildings

APN

130370000001

APU

130370000001

Description

This 12-unit apartment building in Houston, Texas, presents a compelling investment opportunity. Built in 1930, the property sits on a 0.27-acre lot at 4414 Woodside St, Houston, TX 77023, and boasts 100% occupancy, generating a Net Operating Income (NOI) of $77,880, resulting in a 7.08% capitalization rate. The asking price is $1,100,000, or $91,667 per unit. Recent capital expenditures have included a new roof (2023), decking, soffit and rafter repairs, blown-in insulation, plumbing and electrical upgrades, interior renovations, appliance replacements, and landscaping improvements. Current monthly rents are $1,100 for one-bedroom units and $1,200 for two-bedroom units. The property benefits from its location in East Downtown, just two miles from the city center, and enjoys proximity to major transportation arteries including I-45, I-610, and State Highway 288. Furthermore, its location near Lockwood Drive (17,070 vehicles per day), Shell Energy Stadium, the University of Houston campus, and Minute Maid Park enhances its appeal. The surrounding area is densely populated (over 406,900 residents within a 5-mile radius) and affluent (average household income exceeding $112,000 within a 5-mile radius). This property offers a strong current return and significant potential for future rental income growth. The property is offered fee simple.