12000 Martin Luther King Blvd Houston, TX 77048 (473 units) For Sale

  • $30,700,000 +3%
This off-market property which is located in Houston, TX. Completed in 1971, this off-market multifamily property is a Class C, has 473 units and is currently at 81.6% occupancy.
This investment property is a newly renovated 2 story multifamily property that offers a combination of style and comfort to its residents. Freshly renovated units boast fresh paint, new carpet and vinyl floors, bright lighting, and ceiling fans to bring luxurious living to residents.
This value add investment opportunity is located in the South Acres-Crestmont Park neighborhood of Houston, TX which has much to offer. Apartment features include renovated units, kitchen, tub/shower, air conditioning, and heating. Community amenities include gated entry, 24/7 property maintenance, on-site office and its located close to several nearby parks.
Villas At Sandrock
12000 Martin Luther King Blvd
Houston, TX 77048
Price: $30,700,000 +3%
Units Available: 473
Year Completed: 1971
Class C Property
Occupancy Rate: 81.6%
NOI: $1,223,993
Cap Rate: 4%
Price:
$30,700,000 +3%
Address:
Terms:
For Sale
Property Type:
Multi-family
Year Built:
1971

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