Santa Fe 4-Plex

Highlights:

• Lot Size: 1-2 Acres

Description:

​100% occupied four-unit asset with a diversified unit mix ranging from two to five bedrooms ​Full interior renovation completed 2019-2020, including all-new windows and doors ​Re-roofed in 2009 ​Exterior siding replacement in 2014 ​1.50-acre lot providing ample parking and outdoor space relative to comparable multifamily product ​Detached 10' x 10' storage room with HVAC and power, located between Units 1 and 3 ​Located within Santa Fe ISD in the Galveston County / Houston Bay Area corridor ​Situated in FEMA Flood Zone X - outside the Special Flood Hazard Area ​Management reports consistent, fast unit turnover and strong rental demand

Century 21 Tevas Commercial is pleased to present 7307 Avenue O, a fully leased four-unit residential property situated on a 1.50-acre lot in Santa Fe, Texas, within the Houston Bay Area / Galveston County corridor.​ The Property offers an investor a stabilized, cash-flowing multifamily asset with a diversified unit mix and a history of strong leasing velocity.​
The Property underwent significant capital improvements in the 2019-2020 period, including full interior renovations and window replacement, supported by permit records on file with the City/County building department.​ Historical roofing work (2009 and 2014 full re-roofs, plus exterior siding replacement in 2014) further reduces near-term capital expenditure risk for a new owner.​
All four units are currently leased, and management reports that units lease quickly upon turnover - a favorable indicator of rental demand in the submarket.​

---

Report Listing This listing was syndicated through:

Listing ID: 1c1f0ac1-2602-4415-8da9-bc1b8ebb0590