Seller Financing 5.99% IO for 12mo! | 214 Welch St
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Seller Financing 5.99% IO for 12mo! 214 Welch St
8 Unit Apartment Building $2,733,885 CAD ($341,736 CAD/Unit) 5.69% Cap Rate Houston, TX 77006
INVESTMENT HIGHLIGHTS
- Beautiful rooftop deck awaits with an AMAZING VIEW OF DOWNTOWN!
- Ideal for Short Term rental, Traveling Nurses, Corporate Housing, or Airbnb.
- Minutes away from the Houston Medical Center, Museum District, Midtown, and Downtown!!
EXECUTIVE SUMMARY
Seller Financing Available with 15% down! 5.99% IO, for 12 months!
WELL SITUATED! In the heart of Montrose! Minutes away from the Houston Medical Center, Museum District, Midtown, and Downtown!! Ideal for Short Term rental, Traveling Nurses, Corporate Housing, or Airbnb. MODERN LUXURY APARTMENTS FOR SALE!! Our location is unbeatable, just two blocks from Cuchara restaurant and a variety of other restaurants and vibrant nightlife in the heart of Montrose. You won't find a better inner city location than this one. Each of our apartments features one bedroom, one bathroom, and approximately 500 square feet of space. Brand new custom made kitchens with quartz countertops, waterproof wood vinyl floors, fire rated metal doors, all units also have stackable laundry connections. A beautiful third story rooftop deck awaits with an AMAZING VIEW OF DOWNTOWN! The rooftop deck has turf floors, BBQ grilles, party area with luxurious pergolas, ready to entertain your guests! 100% Leased!
WELL SITUATED! In the heart of Montrose! Minutes away from the Houston Medical Center, Museum District, Midtown, and Downtown!! Ideal for Short Term rental, Traveling Nurses, Corporate Housing, or Airbnb. MODERN LUXURY APARTMENTS FOR SALE!! Our location is unbeatable, just two blocks from Cuchara restaurant and a variety of other restaurants and vibrant nightlife in the heart of Montrose. You won't find a better inner city location than this one. Each of our apartments features one bedroom, one bathroom, and approximately 500 square feet of space. Brand new custom made kitchens with quartz countertops, waterproof wood vinyl floors, fire rated metal doors, all units also have stackable laundry connections. A beautiful third story rooftop deck awaits with an AMAZING VIEW OF DOWNTOWN! The rooftop deck has turf floors, BBQ grilles, party area with luxurious pergolas, ready to entertain your guests! 100% Leased!
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,733,885 CAD | Building Class | B |
| Price Per Unit | $341,736 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 4,885 SF |
| Cap Rate | 5.69% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1930/2023 |
| Property Subtype | Apartment | Parking Ratio | 2.05/1,000 SF |
| Apartment Style | Low Rise |
| Price | $2,733,885 CAD |
| Price Per Unit | $341,736 CAD |
| Sale Type | Investment |
| Cap Rate | 5.69% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 4,885 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1930/2023 |
| Parking Ratio | 2.05/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 500 - 504 |
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Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 0140190000009 | Improvements Assessment | $252,812 CAD (2023) |
| Land Assessment | $303,765 CAD (2023) | Total Assessment | $556,577 CAD (2023) |
PROPERTY TAXES
Parcel Number
0140190000009
Land Assessment
$303,765 CAD (2023)
Improvements Assessment
$252,812 CAD (2023)
Total Assessment
$556,577 CAD (2023)
ZONING
| Zoning Code | B1 (Commercial) |
| B1 (Commercial) |
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Seller Financing 5.99% IO for 12mo! | 214 Welch St
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