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6218 Gehring St
Houston, TX 77021
Gehring Place Apartments · Immeuble residentiel Propriété À vendre
·
24 Unités
Certaines informations ont été traduites automatiquement.
FAITS SAILLANTS DE L'INVESTISSEMENT
- Strong Operating Stability and Rent Growth
- Exemplary Tenant Base
- Value-Add Investment with Continued Growth Potential
RÉSUMÉ DE L'ANNONCE
Northmarq is pleased to present Gehring Place Apartments, a 24-unit multifamily community in one of Houston’s most desirable and centrally connected submarkets. The property is located in the heart of the Texas Medical Center, one of the world’s largest medical campuses with over 120,000 employees. Gehring Place offers investors an excellent value-add opportunity supported by recent exterior renovations and zero deferred maintenance needed. Interior units were last updated in 2016 and can be further upgraded with stainless appliances, new flooring, and updated bathrooms. Gehring Place also benefits from an exceptional tenant base and has earned a spot on Rice University’s preferred housing list. With an average household size of 1.9 residents within a two-mile radius, the property’s efficient floor plans are well aligned with local renter demographic.
Property Roundup:
24 units, 100% occupied for 5+ years with no delinquencies
All 1bd/1ba 650 SF
Located in the heart of the Med Center
Within 1 mile of Hermann Park, TMC, Levit Green
Excellent tenant base (medical employees, Rice U grad students, etc.)
Zero exterior work needed; New roofs installed in 2018 and 2024
Units were updated in 2016, opportunity to fully update flooring, appliances, bathrooms
Residents currently pay $55 monthly facilities fee for water and pest control – ability to increase to $100/mo.
Currently no bulk WiFi package
7.0% Going-In cap
10.90% Yr-1 Cash on Cash
12.50% 5-Yr avg. Cash on Cash
Property Roundup:
24 units, 100% occupied for 5+ years with no delinquencies
All 1bd/1ba 650 SF
Located in the heart of the Med Center
Within 1 mile of Hermann Park, TMC, Levit Green
Excellent tenant base (medical employees, Rice U grad students, etc.)
Zero exterior work needed; New roofs installed in 2018 and 2024
Units were updated in 2016, opportunity to fully update flooring, appliances, bathrooms
Residents currently pay $55 monthly facilities fee for water and pest control – ability to increase to $100/mo.
Currently no bulk WiFi package
7.0% Going-In cap
10.90% Yr-1 Cash on Cash
12.50% 5-Yr avg. Cash on Cash
FAITS SUR LA PROPRIÉTÉ
| Type de vente | Investissement | Taille du lot | 0,46 AC |
| Nombre d’unités | 24 | Taille du bâtiment | 18 000 pi² |
| Type de propriété | Immeuble residentiel | Occupation moyenne | 100% |
| Sous-type de propriété | Appartement | Nombre d’étages | 2 |
| Style d’appartement | De faible hauteur | Année de construction | 1957 |
| Classe d’immeuble | C | Ratio de stationnement | 0,06/1 000 pi² |
| Type de vente | Investissement |
| Nombre d’unités | 24 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,46 AC |
| Taille du bâtiment | 18 000 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 2 |
| Année de construction | 1957 |
| Ratio de stationnement | 0,06/1 000 pi² |
COMMODITÉS
COMMODITÉS DES UNITÉS
- Climatisation
- Chauffage
COMMODITÉS DU SITE
- Cour
- Piscine
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| 1+1 | 24 | - | 650 |
Impôts fonciers
| Numéro de lot | 0100050000039 | Évaluation des bâtiments | 2 156 793 $ CAD |
| Évaluation du terrain | 692 656 $ CAD | Évaluation totale | 2 849 448 $ CAD |
Impôts fonciers
Numéro de lot
0100050000039
Évaluation du terrain
692 656 $ CAD
Évaluation des bâtiments
2 156 793 $ CAD
Évaluation totale
2 849 448 $ CAD
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