Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

934 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

3613 Crane St
Houston, TX 77026

Crane Street Apartment Homes · Multifamily Property For Sale · 8 Units

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Executive Summary

This freshly remodeled apartment building offers a fantastic investment opportunity, situated in an opportunity zone. The property features 8 units, with 4 two-bedroom units and 4 one-bedroom units. The seller is actively working to fill the vacancies, and the building is nearly complete, with only 2 units left to be remodeled. These remaining units will be started in just 2 weeks, ensuring a quick turnaround. Rent was recently increased at the beginning of this month for the current tenants, enhancing the revenue potential. One-bedroom units rent for $800, and two-bedroom units rent for $1000. By the end of July, 5 of 8 units should be rented. If fully rented, the complex could generate $7,200 in monthly income. With significant interest already in the property, the landlord is committed to securing long-term, quality tenants for the next owner. This means you can step in with confidence, knowing that your investment is set up for success. Don't miss out on the chance to own a fully remodeled, income-generating property.

PROPERTY FACTS

Price Per Unit	$120,997 CAD	Lot Size	0.17 AC
Sale Type	Investment	Building Size	4,832 SF
No. Units	8	Average Occupancy	75%
Property Type	Multifamily	No. Stories	2
Property Subtype	Apartment Multifamily Dormitory	Year Built/Renovated	1975/2016
Apartment Style	Low Rise	Parking Ratio	1.66/1,000 SF
Building Class	B	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price Per Unit	$120,997 CAD
Sale Type	Investment
No. Units	8
Property Type	Multifamily
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Low Rise
Building Class	B
Lot Size	0.17 AC
Building Size	4,832 SF
Average Occupancy	75%
No. Stories	2
Year Built/Renovated	1975/2016
Parking Ratio	1.66/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

Air Conditioning
Heating

Ceiling Fans
Kitchen

Oven
Dining Room

Freezer
Smoke Free

Site Amenities

24 Hour Access

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
1+1	4	$1,139 CAD	471
2+1	4	$1,423 CAD	737

PROPERTY TAXES

Parcel Number	0701070010007	Improvements Assessment	$690,914 CAD
Land Assessment	$116,625 CAD	Total Assessment	$807,539 CAD

PROPERTY TAXES

Parcel Number

0701070010007

Land Assessment

$116,625 CAD

Improvements Assessment

$690,914 CAD

Total Assessment

$807,539 CAD

zoning

Zoning Code	none (Opportunity Zoned)
none (Opportunity Zoned)

Listing ID: 33523958
Date on Market: 2024-07-19
Last Updated:
Address: 3613 Crane St, Houston, TX 77026

1 of 28

VIDEOS

3D TOUR

PHOTOS

STREET VIEW STREET

MAP

1/28

This feature is unavailable at the moment.