Green River | 9211 N Green River Dr
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Green River 9211 N Green River Dr
12 Unit Block of Flats £938,940 (£78,245/Unit) 7.31% Net Initial Yield Houston, TX 77078
Investment Highlights
- Gated Community
- Rapid access to Hwy. 90, 610-Loop, and I-69 North
- Fully fenced for security
- Lots of Natural Light, Lots of Green Space
- Plenty of room for expansion
- Extremely well-maintained & fully leased
Executive Summary
Introducing Green River Gardens: Your Premier Investment Opportunity in Northeast Houston!
*Discover Green River Gardens, a meticulously maintained and fully leased 12-unit garden apartment complex nestled in the heart of northeast Houston.
* Secure Living: Enjoy peace of mind with our fully fenced and gated community, prioritizing your safety and well-being.
* Endless Potential: With ample space for expansion, envision additional apartment buildings or exciting new amenities to enhance the resident experience.
*Upgrade Possibilities: Explore the potential of the quaint building at the rear – a perfect canvas for a renovated on-site laundromat, catering to modern conveniences.
*For more details and to seize this investment opportunity, reach out to Carmen Montiel at 832.540.4800.
Invest in Green River Gardens – Where Potential Meets Prosperity!
*Discover Green River Gardens, a meticulously maintained and fully leased 12-unit garden apartment complex nestled in the heart of northeast Houston.
* Secure Living: Enjoy peace of mind with our fully fenced and gated community, prioritizing your safety and well-being.
* Endless Potential: With ample space for expansion, envision additional apartment buildings or exciting new amenities to enhance the resident experience.
*Upgrade Possibilities: Explore the potential of the quaint building at the rear – a perfect canvas for a renovated on-site laundromat, catering to modern conveniences.
*For more details and to seize this investment opportunity, reach out to Carmen Montiel at 832.540.4800.
Invest in Green River Gardens – Where Potential Meets Prosperity!
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£94,129
|
£13.71
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£94,129
|
£13.71
|
| Taxes |
£7,609
|
£1.11
|
| Operating Expenses |
£17,906
|
£2.61
|
| Total Expenses |
£25,516
|
£3.72
|
| Net Operating Income |
£68,613
|
£10.00
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | £94,129 |
| Annual Per SF | £13.71 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £94,129 |
| Annual Per SF | £13.71 |
| Taxes | |
|---|---|
| Annual | £7,609 |
| Annual Per SF | £1.11 |
| Operating Expenses | |
|---|---|
| Annual | £17,906 |
| Annual Per SF | £2.61 |
| Total Expenses | |
|---|---|
| Annual | £25,516 |
| Annual Per SF | £3.72 |
| Net Operating Income | |
|---|---|
| Annual | £68,613 |
| Annual Per SF | £10.00 |
Property Facts
| Price | £938,940 | Building Class | C |
| Price Per Unit | £78,245 | Lot Size | 1.00 AC |
| Sale Type | Investment | Building Size | 6,864 SF |
| Net Initial Yield | 7.31% | Average Occupancy | 100% |
| No. Units | 12 | Number of Floors | 2 |
| Property Type | Residential | Year Built/Renovated | 1965/2018 |
| Property Subtype | Apartment | Parking Ratio | 6.56/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Price | £938,940 |
| Price Per Unit | £78,245 |
| Sale Type | Investment |
| Net Initial Yield | 7.31% |
| No. Units | 12 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 6,864 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built/Renovated | 1965/2018 |
| Parking Ratio | 6.56/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Disposal
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Granite Countertops
- Wooden Floors
- Refrigerator
- Oven
- Sprinkler System
- Range
- Walk-In Closets
- Yard
- Dining Room
Site Amenities
- Controlled Access
- Fenced Lot
- Playground
- Security System
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 9 | £657.26 | 500 |
| 2+1 | 3 | £719.85 | 600 |
PROPERTY TAXES
| Parcel Number | 0641950150015 | Total Assessment | £494,109 (2023) |
| Land Assessment | £34,084 (2023) | Annual Taxes | £7,609 (£1.11/sf) |
| Improvements Assessment | £460,025 (2023) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
0641950150015
Land Assessment
£34,084 (2023)
Improvements Assessment
£460,025 (2023)
Total Assessment
£494,109 (2023)
Annual Taxes
£7,609 (£1.11/sf)
Tax Year
2022
zoning
| Zoning Code | None (There is no zoning in the City of Houston, but the core use for this property is residential multi-family.) |
| None (There is no zoning in the City of Houston, but the core use for this property is residential multi-family.) |
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Green River | 9211 N Green River Dr
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