Montrose Multi Family 3.8% interest rate
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Montrose Multi Family 3.8% interest rate Portefeuille à vendre 2 biens 2 834 400 € Localisations multiples
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Combined Portfolio CAP Rate of 6.14% even with 3 current vacancies
- Assumable Loan at 3.8% Interest Rate – Approx. $1.7M balance with over 6 years remaining
- Value-Add Opportunity with room for rent growth and light improvements
- Pro Forma NOI: $244,000 with a 7.62% CAP at full occupancy
- High Rents and Stable Tenancy in a prime location
- 2420 McDuffie offers excellent redevelopment potential – ideal site for 4–5 new patio homes, consistent with surrounding developments
RÉSUMÉ ANALYTIQUE
Prime Montrose Multifamily Portfolio with Value-Add & Redevelopment Potential
306 Hawthorne St & 2420 McDuffie St | Houston, TX 77006
This offering includes two well-located multifamily properties in the heart of Montrose, one of Houston’s most desirable and walkable neighborhoods. Situated at 306 Hawthorne Street and 2420 McDuffie Street, these properties are surrounded by million-dollar homes and offer a rare blend of stable cash flow, redevelopment potential, and long-term upside.
The portfolio is currently 3 units vacant, yet still generates a strong 6.14% cap rate based on in-place income. With a pro forma net operating income of approximately $244,000, the projected cap rate reaches 7.63% when fully leased. Rents are strong in this high-demand area, and the tenant base is stable, making this an excellent low-maintenance investment in a prime location.
A standout feature of this portfolio is the assumable financing: a loan with an attractive 3.8% interest rate and over 6 years remaining, with an approximate balance of $1.7 million. This offers a significant advantage in today’s high-interest-rate environment, allowing investors to lock in below-market debt while enjoying strong returns.
Additionally, 2420 McDuffie presents a compelling redevelopment opportunity. The property could be torn down and replaced with 4–5 patio homes, a transformation already common along the street. Whether an investor chooses to hold both properties for steady income or redevelop one for higher value, this portfolio offers unmatched flexibility in one of Houston’s premier inner-loop markets.
306 Hawthorne St & 2420 McDuffie St | Houston, TX 77006
This offering includes two well-located multifamily properties in the heart of Montrose, one of Houston’s most desirable and walkable neighborhoods. Situated at 306 Hawthorne Street and 2420 McDuffie Street, these properties are surrounded by million-dollar homes and offer a rare blend of stable cash flow, redevelopment potential, and long-term upside.
The portfolio is currently 3 units vacant, yet still generates a strong 6.14% cap rate based on in-place income. With a pro forma net operating income of approximately $244,000, the projected cap rate reaches 7.63% when fully leased. Rents are strong in this high-demand area, and the tenant base is stable, making this an excellent low-maintenance investment in a prime location.
A standout feature of this portfolio is the assumable financing: a loan with an attractive 3.8% interest rate and over 6 years remaining, with an approximate balance of $1.7 million. This offers a significant advantage in today’s high-interest-rate environment, allowing investors to lock in below-market debt while enjoying strong returns.
Additionally, 2420 McDuffie presents a compelling redevelopment opportunity. The property could be torn down and replaced with 4–5 patio homes, a transformation already common along the street. Whether an investor chooses to hold both properties for steady income or redevelop one for higher value, this portfolio offers unmatched flexibility in one of Houston’s premier inner-loop markets.
INFORMATIONS SUR L’IMMEUBLE
| Prix | 2 834 400 € | Nb de biens | 2 |
| Prix/m² | 3 799 € / m² | Individuellement en vente | 0 |
| Taux de capitalisation | 7,62 % | Surface totale de l’immeuble | 746 m² |
| Type de vente | Investissement | Surface totale du terrain | 0,08 ha |
| Statut | Actif |
| Prix | 2 834 400 € |
| Prix/m² | 3 799 € / m² |
| Taux de capitalisation | 7,62 % |
| Type de vente | Investissement |
| Statut | Actif |
| Nb de biens | 2 |
| Individuellement en vente | 0 |
| Surface totale de l’immeuble | 746 m² |
| Surface totale du terrain | 0,08 ha |
Biens
| NOM DU BIEN/ADRESSE | TYPE DE BIEN | SURFACE | ANNÉE DE CONSTRUCTION | PRIX INDIVIDUEL |
|---|---|---|---|---|
| 2420 McDuffie St, Houston, TX 77019 | Immeuble residentiel | 746 m² | 1950 | - |
| 306 Hawthorne St, Houston, TX 77006 | Terrain | - | - | - |
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Montrose Multi Family 3.8% interest rate
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