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Contempo Condos 2508 Southmore Blvd

20 Unit Block of Flats For Sale Houston, TX 77004

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Investment Highlights

Stabilized Asset in the Museum District
Newly Renovated Units

Easy Highway Access to the World Renowned Medical Center and Downtown Houston

Executive Summary

We are thrilled to present a fully stabilized, turnkey property situated in the scenic Museum District of Houston. This apartment complex, which is completely leased, consists of 16 units, each with 2 bedrooms and 1 bathroom. Additionally, there is an adjacent fourplex offering 4 units, each with 1 bedroom and 1 bathroom. The location provides easy access to major highways leading to the renowned Medical Center and Downtown Houston.
Every unit has been recently updated, featuring modern kitchens and bathrooms with stainless steel appliances, a refrigerator, and an in-unit washer and dryer.
Ultimately, this is a great opportunity for an investor to acquire a stabilized asset in one of the best submarkets of Houston.

Property Facts

Sale Type	Investment	Lot Size	0.65 AC
No. Units	20	Building Size	15,268 SF
Property Type	Residential	Average Occupancy	100%
Property Subtype	Apartment	Number of Floors	2
Apartment Style	Garden	Year Built	1965
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Sale Type	Investment
No. Units	20
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Lot Size	0.65 AC
Building Size	15,268 SF
Average Occupancy	100%
Number of Floors	2
Year Built	1965
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.