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4414 Woodside St

Address: 4414 Woodside St, Houston, TX 77023, USA

Created date: October 7, 2024

Date last updated: October 7, 2024

100% Occupied 12-Unit Woodside Apartments Available Located in East Downtown 2 Miles From Downtown Houston, TX
Current Ownership has Implemented a Capex Program, Including new Roofing (2023), Decking/Soffit/Rafters, Blown-in Insulation, Plumbing, Electrical, Interiors, Appliances, and Landscaping/Hardscaping
New Move-in Rents on 1 BD Units are $1,100 and on 2 BD Units are $1,200, Equating to a $194 Monthly Increase ($0.29/SF) Bumping up the Remaining Units to These new Move-in Rents Will Increase Rental Revenues $27,900, Which Equates to $105,741 in NOI, Which Equals a 9.61% Cap Rate Based Upon Purchase Price and a 13.6% Yr 1 Levered Cash on Cash Return
Extremely Dense 5-Mile Demographics With Over 406,900+ Residents
Affluent Community With an Average Household Income of Over $112K Within a 5-Mile Radius
Subject Property is Located Near Lockwood Drive With 17,070 Vehicles Passing/Day
1.5 Miles From Shell Energy Stadium (Home of the Houston Dynamo), 1.4 Miles From the University of Houston Campus, and 2 Miles From Minute Maid Park (Home of the Houston Astros)
Easy Access to Houston’s Main Arteries, Including I-45, I-610, and State Hwy 288

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