Log In/Sign Up
Your email has been sent.
Residencias Hobby 8700 Gulf Fwy 80 Unit Apartment Building $6,021,400 CAD ($75,267 CAD/Unit) Houston, TX 77017
Investment Highlights
- Hospitality-Style Layout & On-Site Amenities
- Recently Renovated Asset with Near-Term CapEx Advantages
- Opportunity for Revenue Growth and Operational Optimization
- Strategic Location & Demand Drivers
- Scaled Hospitality Asset with Strong Revenue Potential
Executive Summary
Located along the high-visibility 8700 Gulf Freeway corridor with direct access to Interstate 45, this asset is a repositioned hospitality to-multifamily conversion operating as workforce housing in a demand-driven submarket. The property features copper wiring, recent capital improvements—including two roofs replaced in 2024--and 9 fully renovated units, supporting both operational stability and continued value-add potential. Positioned between Downtown Houston and the Hobby Airport area, the asset benefits from strong visibility and accessibility, offering investors a cash-flowing opportunity with upside through further unit upgrades and operational optimization.
What Is a Minimum Bid?
Minimum Bid represents the starting price at which ownership is willing to review qualified purchase offers.?
What Is a Minimum Bid?
Minimum Bid represents the starting price at which ownership is willing to review qualified purchase offers.?
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
| Price | $6,021,400 CAD | Apartment Style | Garden |
| Price Per Unit | $75,267 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.89 AC |
| No. Units | 80 | Building Size | 44,392 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2023 |
| Price | $6,021,400 CAD |
| Price Per Unit | $75,267 CAD |
| Sale Type | Investment |
| No. Units | 80 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.89 AC |
| Building Size | 44,392 SF |
| No. Stories | 2 |
| Year Built | 2023 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Property Taxes
| Parcel Number | 0642150000027 | Improvements Assessment | $1,085,961 CAD |
| Land Assessment | $1,478,269 CAD | Total Assessment | $2,564,230 CAD |
Property Taxes
Parcel Number
0642150000027
Land Assessment
$1,478,269 CAD
Improvements Assessment
$1,085,961 CAD
Total Assessment
$2,564,230 CAD
1 of 24
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Residencias Hobby | 8700 Gulf Fwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.