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203 Danna Ln 203 Danna ln

4 Unit Apartment Building $1,334,446 CAD ($333,612 CAD/Unit) 6.40% Cap Rate Houston, TX 77009

Investment Highlights

  • Brand new 2024 construction, completed October 2024
  • Northside Village is a rapidly evolving submarket, gaining attention for its proximity to major urban hubs, revitalization efforts
  • Houston’s cost of living is 6% lower than the national average (Payscale)
  • 7 minutes from downtown Houston, which boasts a strong job market and is near the Texas Medical Center, the largest medical center in the nation
  • This submarket offers strong rent growth potential due to ongoing neighborhood revitalization, new developments, METRORail expansion
  • The property is located near attractions like White Oak Music Hall, The Houston Farmers Market, and various restaurants and retail

Executive Summary

The property is located near attractions like White Oak Music Hall, The Houston Farmers Market, and various restaurants and retail, offering convenient access to live music, fresh produce, and shopping.
Broker of Record
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225

Property Facts

Price $1,334,446 CAD
Price Per Unit $333,612 CAD
Sale Type Investment
Cap Rate 6.40%
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Building Class B
Lot Size 0.05 AC
Building Size 4,200 SF
No. Stories 2
Year Built 2024
Opportunity Zone Yes

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1463000010002
Land Assessment
$119,673 CAD
Improvements Assessment
$0 CAD
Total Assessment
$119,673 CAD
  • Listing ID: 33527197

  • Date on Market: 2024-10-15

  • Last Updated:

  • Address: 203 Danna ln, Houston, TX 77009

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