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Portfolio / Redevelopment Opportunity 2719 Canfield St

10 Unit Apartment Building For Sale Houston, TX 77004

Investment Highlights

  • Primed for RE-DEVELOPMENT! Outstanding Investment Opportunity in the Vibrant Heart of Houston, TX, Close Proximity to University of Houston
  • 1/2 Mile from Interstate 45
  • Out of Flood Zone
  • 2 Miles from University of Houston, 1 Block from Scott St.
  • 10 Units Fully Occupied
  • 2 Miles from Downtown Houston

Executive Summary

Primed for RE-DEVELOPMENT! Outstanding Investment Opportunity in the Vibrant Heart of Houston, TX, Adjacent to the University of Houston, Amidst a Thriving Wave of New Development.
This remarkable property presents an unmissable chance for savvy property investors to leverage the area's rapid growth and transformation. Situated in close proximity to the prestigious University of Houston, it benefits from the constant influx of young talent, ensuring a steady demand for quality housing and commercial spaces.
The region is experiencing a dynamic surge in development, making it an ideal time to seize the potential for lucrative returns on investment. Whether you're an experienced investor seeking long-term gains or looking to engage in redevelopment projects, this property offers the perfect blend of flexibility and opportunity.
Key Features:
1. Prime Location: Nestled in the heart of Houston, near the esteemed University of Houston, this property enjoys excellent connectivity to major highways, shopping centers, entertainment venues, and public transport, making it highly attractive to tenants and buyers alike.
2. Booming Development: The area is witnessing rapid revitalization, with numerous infrastructural and commercial projects underway, further enhancing its appeal and potential for appreciation.
3. Diverse Investment Options: This property opens doors to multiple investment strategies. You can opt for sustained rental income, benefitting from the steady stream of students and professionals, or capitalize on the surging demand by exploring redevelopment opportunities for even greater returns.
4 Supportive Community: The neighborhood boasts a vibrant community with a rich cultural atmosphere, making it an enticing destination for those seeking a dynamic and welcoming environment.

Property Facts

Sale Type Investment
Sale Conditions Bulk/Portfolio Sale
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.57 AC
Building Size 7,304 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1930/2018
Opportunity Zone Yes

zoning

Zoning Code Commerical (Commercial - Multi-Family Use)
Commerical (Commercial - Multi-Family Use)
  • Listing ID: 29114847

  • Date on Market: 2023-07-26

  • Last Updated:

  • Address: 2719 Canfield St, Houston, TX 77004

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