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2120 El Paseo St
Houston, TX 77054
One Montreal Place · Build-to-Rent Property For Sale · 2 Units

INVESTMENT HIGHLIGHTS

  • One Montreal Place offers fantastic bedrooms, open floorplans, and private covered parking.
  • A premier opportunity to acquire three fully occupied condos that are very sought-after by medical students and employees.
  • Located in Houston’s medical center area within walking distance of the NRG stadium.
  • All three units are on the second story, fully furnished, offering abundant modern upgrades.

EXECUTIVE SUMMARY

Welcome to One Montreal Place, a chance to buy three fully rented condos on one- and two-year leases. It is in Houston’s Medical South, which presents immense medical facilities for students and employees. One Montreal Place’s units stay full and have the potential for medium-term rentals, catering to traveling nurses and doctor programs. All three units offer beautiful views and overlook the community pool and tennis courts. All three units have been upgraded to include new floors, windows, doors, and kitchen countertops. The living area features a wood-burning fireplace, built-in bookshelves, and access to one of the home's two patios. The kitchen has been fully remodeled with new cabinets, quartz countertops, tile backsplash, and brand-new stainless-steel appliances. Fresh paint throughout the entire interior of the home. A new full-sized stackable washer & dryer will be left. The half bath on the first level has also been remodeled with a brand-new sink and vanity. The master bedroom boasts two walk-in closets, a new carpet, and access to a secondary patio area. Master bath features tub/shower combo plus new double-sink vanities. Medical Center South is located south of the Texas Medical Center, home to Houston’s major healthcare facilities and medical schools. The NRG Arena, NRG Stadium, and NRG Center are also in the neighborhood, so living here provides easy access to rodeos, football games, concerts, and more. Along with medical facilities, Medical Center South is laden with restaurants, stores, and an abundance of housing options. Attracting even more renters, Medical Center South is also convenient to Downtown Houston, Midtown, and Hermann Park. Inquire today to learn more about the opportunity to acquire the highly demanded, income-generating, and fully occupied multifamily asset at One Montreal Place.

PROPERTY FACTS

No. Units 2
Property Type Build-to-Rent
Property Subtype Apartment
Apartment Style Garden
Costar Property Class B
Total Plot Size 12.38 ac
Property Size 2,000 sq ft
Average Occupancy 100%
No. Floors 2
Year Built 1982
Parking Allocation 1.5/1,000 sq ft
APN / Parcel ID
1150040010001
  • 1150040010007
  • 1150040020003
  • 1150040060015
  • 1150040060019
  • 1150040120001
  • 1150040120002
  • 1150040120003
  • 1150040170002
  • 1150040180008
  • 1150040190001
  • 1150040210005
  • 1150040230001
  • 1150040240017
  • 1150040240019
  • 1150040240023
  • 1150040240025
  • 1150040250007
  • 1150040280003
  • 1150040280009
  • 1150040330003
  • 1150040330004
Use Class MF - Multi-family medical Center

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Disposal
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range

SITE AMENITIES

  • 24 Hour Access
  • Pool
  • Tenant Controlled HVAC
  • Tennis Court
  • Recycling
  • Walk-Up
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT PCM sq ft
2+2 2 £2,060 -
  • Listing ID: 32848202

  • Date on Market: 17/08/2024

  • Last Updated:

  • Address: 2120 El Paseo St, Houston, TX 77054

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