9211 Grn Riv Dr 12 Houston, TX 77078-4234

This exceptional multifamily investment property, Green River Gardens, presents a compelling value-add opportunity in Houston, Texas. Located at 9211 N Green River Dr, 77078, this property encompasses 8,000 square feet across three two-story buildings situated on a one-acre lot. The property currently boasts 12 units, all currently occupied, generating a strong net operating income (NOI) of $87,689, representing a 6.75% cap rate. The asking price is $1,300,000, translating to $108,333 per unit and $162.50 per square foot of net rentable area (6,900 sq ft). Built in 1965, the property has undergone significant renovations in 2017, 2021, 2022, and 2023. The unit mix includes a combination of one- and two-bedroom apartments. A significant advantage is the availability of an additional half-acre of land, presenting potential for expansion with the possibility of adding 12 to 14 more units. The property's gated entrance enhances tenant security and market appeal. This fully occupied, well-maintained property offers a solid foundation for immediate cash flow and future growth potential in a desirable Houston location. Financial records are available upon request. This is a rare opportunity to acquire a value-add multifamily property with significant upside potential in a thriving market.