10 Unit - Multifamily - For Sale - Houston Heights

[Bill Spell]

My partner and I have completed renovation on The Enid St Apartments (1009 Enid, Houston, TX 77007).  It is a two story, apartment community located in the Heights submarket of Houston,Texas. The Heights is a gentrifying neighborhood in near north Houston. Rents in the area for heavily rehabbed properties are very strong, as high at $1.80/ft!

We started leasing early May, 2018.  Currently we have 8 of the 10 units leased.  Four of them are occupied.  The other four are moving in this month.  We just started marketing the final two units (studios) and anticipate they will be leased before the end of the weekend.

One buliding is all brick, the other two are Hardie Plank.  The property recently underwent a major rehab which included replacing all mechanicals (electrical, plumbing and HVAC), new pitched shingle roofs, perimeter gate, exterior paint, washer and dryers  in all units, individual hot water heaters, mini split A/C, hard surface flooring, controlled access gates, new appliances and new thermal pane windows.

We have the property listed with KET Enterprises but I wanted to share the listing with my BiggerPockets family as well.  I can answer questions about the property but I don't want to step on the broker's toes either so please direct all serious inquiries through Tom at KET.  

You can find the Offering Memorandum KET's site here:  http://www.ketent.com/properties/enid-st-apartments