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7115 Dixie Dr
Houston, TX 77087
8% Cap Rate Multi-Family Property · Multifamily Property For Sale
·
20 Units
Investment Highlights
- Below market rent
- RUBS in place
- Roof replaced in 2022
- Close proximity to HOU Hobby airport & 610 loop
Executive Summary
20 Units: (1) 2 BR/1 BA, (13) 1 BR/1 BA, (6) Studios
Total Building Size: 9,930sf
Lot Size: 1.13 Acres
8% Cap Rate
NOI: $164,413
Below market rent
Roof replaced in 2022
RUBS in place
Close proximity to HOU Hobby Airport, 610 Loop, and I-45
Outside of all flood zones
Total Building Size: 9,930sf
Lot Size: 1.13 Acres
8% Cap Rate
NOI: $164,413
Below market rent
Roof replaced in 2022
RUBS in place
Close proximity to HOU Hobby Airport, 610 Loop, and I-45
Outside of all flood zones
Property Facts
| Price Per Unit | $119,769 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.13 AC |
| Cap Rate | 8.04% | Building Size | 9,930 SF |
| No. Units | 20 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1954/2022 |
| Apartment Style | Low-Rise |
| Price Per Unit | $119,769 CAD |
| Sale Type | Investment |
| Cap Rate | 8.04% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.13 AC |
| Building Size | 9,930 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1954/2022 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | - |
| 2+1 | 1 | - | - |
| Studios | 6 | - | - |
Property Taxes
| Parcel Number | 0650170010047 | Improvements Assessment | $242,542 CAD |
| Land Assessment | $315,999 CAD | Total Assessment | $558,541 CAD |
Property Taxes
Parcel Number
0650170010047
Land Assessment
$315,999 CAD
Improvements Assessment
$242,542 CAD
Total Assessment
$558,541 CAD
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