7307 Ave O, Santa Fe, TX 77510
sale
$643,811
|
Other Business Opportunity
Listed By CENTURY 21 Tevas
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.?
?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
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.?
?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
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Property Features
- Building Area: 6619.00 SF
- Cross Docks: N
- For Auction: N
- Level Number: 1
- Lot Size Desc: 1-2 Acres
- Lot Size In Text: 1.5 Acres
- MLSID: HAR
- Price Upon Request: N
- Style: Other Style
- Sublease: N
- Year Built: 1983
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