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13928 Bandera St
Houston, TX 77015
Multifamily Property For Sale
·
11 Units
INVESTMENT HIGHLIGHTS
- Cash flowing property in East Houston.
- Located next to a church and walking distance to Cloverleaf Elementary School.
- Convenient access to nearby groceries and shopping.
- 11 Units including 1 Studio, 8 One Bedroom and 2 Two Bedrooms.
- Property has 100% Occupancy.
- Clover Leaf Subdivision with single family homes the area.
EXECUTIVE SUMMARY
Bandera Street Apartments is an 11-unit apartment complex located in the Clover Leaf Subdivision in East Houston. Unit Breakdown: (1) Studio, (8) One-Bedroom Units, and (2) Two-Bedroom Units. This multi-family ready for an Owner-operator that is looking for cash flow. The apartments were built in 1960, renovated in 2016 and 2024. The property is located within walking distance to Cloverleaf Elementary School and is a short driving distance from major thoroughfares, I-10 and Beltway 8.
PROPERTY FACTS
| Price Per Unit | $93,908 CAD | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 5,600 SF |
| Cap Rate | 9.92% | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1960/2024 |
| Property Subtype | Apartment | Parking Ratio | 2.5/1,000 SF |
| Apartment Style | Single-Family Home |
| Price Per Unit | $93,908 CAD |
| Sale Type | Investment |
| Cap Rate | 9.92% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Lot Size | 0.30 AC |
| Building Size | 5,600 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1960/2024 |
| Parking Ratio | 2.5/1,000 SF |
AMENITIES
SITE AMENITIES
- Fenced Lot
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $1,102 CAD | 400 |
| 1+1 | 8 | $1,171 CAD | 500 |
| 2+1 | 2 | $1,377 CAD | 600 |
PROPERTY TAXES
| Parcel Number | 0650710620010 | Improvements Assessment | $397,843 CAD |
| Land Assessment | $183,215 CAD | Total Assessment | $581,057 CAD |
PROPERTY TAXES
Parcel Number
0650710620010
Land Assessment
$183,215 CAD
Improvements Assessment
$397,843 CAD
Total Assessment
$581,057 CAD
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