Sunset Valley Apartments
28 Unit Apartment Building | $2,625,000 ($93,750/Unit) | 8.11% Cap Rate | Houston, TX 77087
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,625,000
- Property Type
-
Multifamily
- Square Feet
- 17,460 SF
Listing Contacts
Kamil Patel
Verified Profile
- Property Info
Property Overview
Sunset Valley Apartments, nestled in Houston's Golfcrest submarket at 6705 Fairway Dr., present an exceptional investment opportunity for those seeking to secure capital in a stabilized multifamily property with strong fundamentals and a promising future outlook. Priced at $2,625,000, this property features 28 units with an amazing 8.1% CAP rate from day 1.
With a total of 28 spacious units, comprising 25 well-appointed 1 Bed/1 Bath layouts and 3 generous 2 Bed/1 Bath units, this property offers an attractive mix to potential investors. Strategically located near prominent institutions like the University of Houston and downtown Houston, as well as major thoroughfares such as I-610 and I-45, Sunset Valley Apartments are highly desirable for families seeking convenience and accessibility in their housing solution. The property maintains full occupancy and commands rental rates at market standards, with a robust cash flow that has proven resilient against market fluctuations. Recent comprehensive renovations of both the interior and exterior have positioned this property as a leader in the local market, outshining competitors in the area. For investors, this presents an opportunity for stable long-term gains in one of Houston's most robust real estate markets.
Don't miss the chance to capitalize on this prime investment opportunity at Sunset Valley Apartments.
Contact broker with any inquiries
With a total of 28 spacious units, comprising 25 well-appointed 1 Bed/1 Bath layouts and 3 generous 2 Bed/1 Bath units, this property offers an attractive mix to potential investors. Strategically located near prominent institutions like the University of Houston and downtown Houston, as well as major thoroughfares such as I-610 and I-45, Sunset Valley Apartments are highly desirable for families seeking convenience and accessibility in their housing solution. The property maintains full occupancy and commands rental rates at market standards, with a robust cash flow that has proven resilient against market fluctuations. Recent comprehensive renovations of both the interior and exterior have positioned this property as a leader in the local market, outshining competitors in the area. For investors, this presents an opportunity for stable long-term gains in one of Houston's most robust real estate markets.
Don't miss the chance to capitalize on this prime investment opportunity at Sunset Valley Apartments.
Contact broker with any inquiries
Property Details
- Class
- C
- Year Built/Renovated
- 1955/2023
- Stories
- 2
- Lot Size (sq. ft)
- 23,958 SF
- Units
- 28
Highlights
- Priced at $2,625,000 @ fantastic 8.11% CAP rate
- 28 units - fully renovated to 2024 finishes
- Gated community with strong tenant base
- Very well located near downtown Houston
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