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2116 Pannell St 26 Unit Apartment Building $11,020,000 CAD ($423,846 CAD/Unit) 6% Cap Rate Houston, TX 77026
Executive Summary
Live the investors dream of owning 40 multi-family properties in Houston! The amazing 2-bedroom 1-bathroom, 720 sq-ft. properties feature parquet flooring and Formica countertops in the kitchen. Situated off I-69 and I-10, commuters enjoy a straight shot to Downtown Houston and the Texas Medical Center. Residents have easy access to dining, shopping, and entertainment in the Fifth Ward, Midtown, EaDo, and Downtown. Multiple schools zoned to Houston ISD are only a short distance away! You don’t want to miss this home – call today!
Property Facts
| Price | $11,020,000 CAD | Property Subtype | Apartment |
| Price Per Unit | $423,846 CAD | Apartment Style | Garden |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6% | Lot Size | 1.68 AC |
| Sale Condition | 1031 Exchange | Building Size | 25,725 SF |
| No. Units | 26 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1960 |
| Price | $11,020,000 CAD |
| Price Per Unit | $423,846 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| Sale Condition | 1031 Exchange |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.68 AC |
| Building Size | 25,725 SF |
| No. Stories | 1 |
| Year Built | 1960 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
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Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $785,745 CAD | |
| Land Assessment | $1,517,130 CAD | Total Assessment | $2,302,875 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,517,130 CAD
Improvements Assessment
$785,745 CAD
Total Assessment
$2,302,875 CAD
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2116 Pannell St
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