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3703 Seabrook St

6 Unit Block of Flats £524,733 (£87,455/Unit) Houston, TX 77021

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Investment Highlights

Add value
Appreciation
No Flood Zone

100% Occupancy
No HOA

Executive Summary

100% Occupied
We are excited to present a remarkable investment opportunity in Houston's South Side – a collection of six (6) open-concept, 2 bedroom/1 bathroom apartments, each thoughtfully designed with features that prospective tenants find most appealing. Situated just a 10-minute drive from the Texas Medical Center, the Houston Zoo, and the NRG Stadium, this property is incredibly attractive to medical professionals, families, and sports enthusiasts alike. Each unit within this property boasts a well-planned layout that combines style with functionality. As you enter, you are welcomed by an exposed brick wall that adds a touch of character, and built-in bookshelves perfect for storage or decoration. The flooring consists of wood-plank and tile throughout, eliminating the need for carpet maintenance. Additionally, the kitchen is equipped with a gas-powered range and has connections for a washer and dryer. Both bedrooms feature tile flooring, as do the bathrooms, which are equipped with bathtubs .
Value-Add Potential:
There is significant value-add potential with this property by adding central air conditioning and appliances, which would justify higher rents and enhance the overall return on investment. Outdoor common area also has room for improvement. This presents an exciting opportunity for an investor to increase the property’s value and cash flow, while providing a more comfortable living environment for the tenants. This is a rare opportunity to acquire a property with strong fundamentals and significant upside potential. Act quickly to add this gem to your investment portfolio and unlock its full potential by implementing value-add strategies to increase rents and maximize your ROI. Don’t miss out on this chance to invest in Houston’s thriving South Side market.
3707 Unit 1 -950$ till 30th September 2024 3707 Unit 2 - 800$ till 31 March 2024 3707 Unit 3 - 950$ till 31 Dec 2024 3703 Unit 1 - 950$ till 1 May 2024 3707 Unit 2 - 950$ till Nov 1st 2024 3707 Unit 3- 950$ till 16th October 2024 TAX:6400$ INS: 6000$ Water:4200$ Grass Cutting : 1200$

Seabrook Property Survey (1)

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£53,578	£12.13
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£53,578	£12.13
Taxes	£5,013	£1.14
Operating Expenses	£3,995	£0.90
Total Expenses	£9,008	£2.04
Net Operating Income	£44,570	£10.09

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£53,578
Annual Per SF	£12.13

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£53,578
Annual Per SF	£12.13

Taxes
Annual	£5,013
Annual Per SF	£1.14

Operating Expenses
Annual	£3,995
Annual Per SF	£0.90

Total Expenses
Annual	£9,008
Annual Per SF	£2.04

Net Operating Income
Annual	£44,570
Annual Per SF	£10.09

Property Facts

Price	£524,733	Lot Size	0.23 AC
Price Per Unit	£87,455	Building Size	4,416 SF
Sale Type	Investment	Average Occupancy	100%
No. Units	6	Number of Floors	1
Property Type	Residential	Year Built/Renovated	1960/2020
Property Subtype	Apartment Multifamily Dormitory	Parking Ratio	1.36/1,000 SF
Apartment Style	Garden	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.

Price	£524,733
Price Per Unit	£87,455
Sale Type	Investment
No. Units	6
Property Type	Residential
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Garden
Lot Size	0.23 AC
Building Size	4,416 SF
Average Occupancy	100%
Number of Floors	1
Year Built/Renovated	1960/2020
Parking Ratio	1.36/1,000 SF
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.