6705 Fairway Dr | Houston, TX 77087
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6705 Fairway Dr
Houston, TX 77087
Sunset Valley Apartments · Multifamily Property For Sale · 28 Units
INVESTMENT HIGHLIGHTS
- Priced at $2,525,000 @ 9.62% CAP rate
- Great in-place cash flow from day 1.
- Very well located near downtown Houston
- 28 units - fully renovated to 2024 finishes
- Gated community with strong tenant base
EXECUTIVE SUMMARY
Sunset Valley Apartments, nestled in Houston's Golfcrest submarket at 6705 Fairway Dr., present an exceptional investment opportunity for those seeking to secure capital in a stabilized multifamily property with strong fundamentals and a promising future outlook. Priced at $2,525,000, this property features 28 units with an amazing 8.12% CAP rate from day 1.
With a total of 28 spacious units, comprising 25 well-appointed 1 Bed/1 Bath layouts and 3 generous 2 Bed/1 Bath units, this property offers an attractive mix to potential investors. Strategically located near prominent institutions like the University of Houston and downtown Houston, as well as major thoroughfares such as I-610 and I-45, Sunset Valley Apartments are highly desirable for families seeking convenience and accessibility in their housing solution. The property maintains full occupancy and commands rental rates at market standards, with a robust cash flow that has proven resilient against market fluctuations. Recent comprehensive renovations of both the interior and exterior have positioned this property as a leader in the local market, outshining competitors in the area. For investors, this presents an opportunity for stable long-term gains in one of Houston's most robust real estate markets.
Don't miss the chance to capitalize on this prime investment opportunity at Sunset Valley Apartments.
Contact broker with any inquiries
With a total of 28 spacious units, comprising 25 well-appointed 1 Bed/1 Bath layouts and 3 generous 2 Bed/1 Bath units, this property offers an attractive mix to potential investors. Strategically located near prominent institutions like the University of Houston and downtown Houston, as well as major thoroughfares such as I-610 and I-45, Sunset Valley Apartments are highly desirable for families seeking convenience and accessibility in their housing solution. The property maintains full occupancy and commands rental rates at market standards, with a robust cash flow that has proven resilient against market fluctuations. Recent comprehensive renovations of both the interior and exterior have positioned this property as a leader in the local market, outshining competitors in the area. For investors, this presents an opportunity for stable long-term gains in one of Houston's most robust real estate markets.
Don't miss the chance to capitalize on this prime investment opportunity at Sunset Valley Apartments.
Contact broker with any inquiries
PROPERTY FACTS
| Price Per Unit | $129,793 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.55 AC |
| Cap Rate | 8.12% | Building Size | 17,460 SF |
| No. Units | 28 | Average Occupancy | 93% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1955/2023 |
| Apartment Style | Low Rise | Parking Ratio | 1.32/1,000 SF |
| Price Per Unit | $129,793 CAD |
| Sale Type | Investment |
| Cap Rate | 8.12% |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 17,460 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built/Renovated | 1955/2023 |
| Parking Ratio | 1.32/1,000 SF |
UNIT AMENITIES
- Balcony
- Heating
- Kitchen
- Oven
- Range
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 25 | - | 575 |
| 2+1 | 3 | - | 684 |
PROPERTY TAXES
| Parcel Number | 0590880000003 | Improvements Assessment | $1,136,844 CAD |
| Land Assessment | $240,285 CAD | Total Assessment | $1,377,130 CAD |
PROPERTY TAXES
Parcel Number
0590880000003
Land Assessment
$240,285 CAD
Improvements Assessment
$1,136,844 CAD
Total Assessment
$1,377,130 CAD
ZONING
| Zoning Code | N/Ap, Houston |
| N/Ap, Houston |
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