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Tejano Apartments 8221 Brumblay St 21 Unit Apartment Building $1,599,000 ($76,143/Unit) 8.56% Cap Rate Houston, TX 77012
EXECUTIVE SUMMARY
**Occupancy currently is 100%**I am pleased to present 8221 Brumblay Street. This 21-unit Garden complex is just about turnkey ready for the next property owner to immediately start cash flowing. This Apartment complex also has the potential to add an additional 4 more units to maximize and add more value to the property. The property consisted of (5 STUDIO), (14 1Br/1Ba) and (2 2Br/1Ba) The majority of the tenants have been residents for many years now. The turnover rate is very low. Property has close proximity to everything Houston has to offer. Please call me for additional information.
PROPERTY FACTS
| Price | $1,599,000 | Apartment Style | Garden |
| Price Per Unit | $76,143 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.44 AC |
| Cap Rate | 8.56% | Building Size | 11,000 SF |
| No. Units | 21 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1958/2018 |
| Property Subtype | Apartment | Parking Ratio | 1.36/1,000 SF |
| Zoning | N/Ap, Houston | ||
| Price | $1,599,000 |
| Price Per Unit | $76,143 |
| Sale Type | Investment |
| Cap Rate | 8.56% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.44 AC |
| Building Size | 11,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1958/2018 |
| Parking Ratio | 1.36/1,000 SF |
| Zoning | N/Ap, Houston |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Refrigerator
- Range
SITE AMENITIES
- Laundry Facilities
- Property Manager on Site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | $700.00 | 303 - 304 |
| 1+1 | 14 | $800.00 | 346 - 347 |
| 2+1 | 2 | $900.00 | 405 - 406 |
PROPERTY TAXES
| Parcel Number | 0570900030001 | Improvements Assessment | $1,985,233 |
| Land Assessment | $335,325 | Total Assessment | $2,320,558 |
PROPERTY TAXES
Parcel Number
0570900030001
Land Assessment
$335,325
Improvements Assessment
$1,985,233
Total Assessment
$2,320,558
MAP
ADDITIONAL PHOTOS
003-2205 Galveston Rd-Houston
004-2205 Galveston Rd-Houston
005-2205 Galveston Rd-Houston
006-2205 Galveston Rd-Houston
008-2205 Galveston Rd-Houston
010-2205 Galveston Rd-Houston
015-2205 Galveston Rd-Houston
016-2205 Galveston Rd-Houston
017-2205 Galveston Rd-Houston
019-2205 Galveston Rd-Houston
020-2205 Galveston Rd-Houston
022-2205 Galveston Rd-Houston
024-2205 Galveston Rd-Houston
025-2205 Galveston Rd-Houston
027-2205 Galveston Rd-Houston
028-2205 Galveston Rd-Houston
029-2205 Galveston Rd-Houston
030-2205 Galveston Rd-Houston-Studio Apt
031-2205 Galveston Rd-Houston-Studio Apt
032-2205 Galveston Rd-Houston-Studio Apt
033-2205 Galveston Rd-Houston-Studio Apt
034-2205 Galveston Rd-Houston-Studio Apt
035-2205 Galveston Rd-Houston-1 Bedroom A
036-2205 Galveston Rd-Houston-1 Bedroom A
037-2205 Galveston Rd-Houston-1 Bedroom A
038-2205 Galveston Rd-Houston-1 Bedroom A
039-2205 Galveston Rd-Houston-1 Bedroom A
040-2205 Galveston Rd-Houston-1 Bedroom A
042-2205 Galveston Rd-Houston-1 Bedroom B
043-2205 Galveston Rd-Houston-1 Bedroom B
044-2205 Galveston Rd-Houston-1 Bedroom B
045-2205 Galveston Rd-Houston-1 Bedroom B
046-2205 Galveston Rd-Houston-1 Bedroom B
047-2205 Galveston Rd-Houston-1 Bedroom B
048-2205 Galveston Rd-Houston-1 Bedroom B
049-2205 Galveston Rd-Houston-1 Bedroom B
050-2205 Galveston Rd-Houston-1 Bedroom B