Studio Apts Near Texas Medical Center | Renovated Units

Marcus & Millichap, in partnership with RealInsight Marketplace, is pleased to present the opportunity to acquire a 15-unit multifamily asset located in a centrally located and gentrifying area of Houston, Texas. Located just minutes from the University of Houston, Texas Medical Center, and Downtown Houston, the property benefits from convenient access to several of the city’s major employment and educational centers. The surrounding area continues to experience new construction and townhome development, positioning the property to benefit from continued rental demand and future rent growth. The asset consists of 14 studio apartments and one one-bedroom, one-bathroom unit, with recently renovated interiors featuring upgraded countertops, updated flooring, and essential appliances including refrigerators, stoves, and microwaves. Current in-place rents have demonstrated the property’s ability to achieve competitive rental rates within the surrounding market.In addition to rental income, the property offers multiple opportunities to generate supplemental revenue and create additional value. Existing amenities include an onsite laundry room, leasing office, and storage room, providing investors with the potential to further maximize these spaces and increase ancillary income. Overall, the offering presents investors with an attractive opportunity to acquire a renovated multifamily asset in a centrally located Houston submarket with proven rents, multiple avenues for additional income, and continued upside through operational improvements and future rent growth.