Income Producing, 75-Unit Multifamily Portfolio

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Address: 803 Nancy Rose St, Houston, TX 77015, USA
Created date: June 10, 2024
Date last updated: June 10, 2024

RI Marketplace Online Auction July 22-24

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Investment Highlights

  • Victoria Casa Apartment Portfolio, an income-producing (T-12 NOI $438,778) investment opportunity in the thriving East Houston suburb of Cloverleaf.
  • Combined occupancy of 92%. Casa Villa: 89.9%. Victoria Apartments: 93.4%. Both properties have a history of high occupancy rates.
  • Amenities include ample parking, on-site laundry facilities, on-site leasing office at Victoria Apartments
  • Situated just one mile from I-10 and Beltway 8, these properties offer unparalleled connectivity for residents commuting to Houston and surrounding areas.

Property Description

Bracket Real Estate, in conjunction with Real Insight Marketplace are pleased to introduce the Victoria Casa Apartment Portfolio.  This portfolio is an exceptional income-producing investment opportunity in the thriving East Houston suburb of Cloverleaf. This portfolio consists of two garden-style, two-story apartment complexes: Victoria Apartments with 46 units (1 studio, 43 one-bedroom, 2 two-bedroom) and Casa Villa Apartments with 29 units (1 studio, 24 one-bedroom, 4 two-bedroom). The properties have a history of high occupancy rates (Victoria Apartments at 1.7% vacancy, Casa Villa Apartments at 2.3% vacancy). Amenities include ample parking, on-site laundry facilities, and an on-site leasing office at Victoria Apartments. Both properties boast high occupancy rates and are strategically located to serve the commuter population with easy access to major highways. Residents of Victoria Casa Apartment Portfolio enjoy proximity to a variety of essential services and retail options: Groceries & Retail: Kroger, Walmart Supercenter, Sam's Club, Dollar Tree, Dining: McDonald's, IHOP, Panda Express, Chipotle, Chick-fil-A, Shipley Do-Nuts, Pharmacies: Walgreens, Schools: Green Valley Elementary School, North Shore Ninth Grade Campus, Higher Education: San Jacinto College North Campus (2.4 miles away) Cloverleaf is a well-regarded suburb known for its family-friendly environment, highly rated schools, and well-maintained parks. The neighborhood features a classic suburban layout, with most shops and restaurants conveniently located along major roads like Uvalde Road. The area is perfect for families and students, offering affordable living with a short commute to San Jacinto College, University of Houston Downtown, and other educational institutions. Situated just one mile from I-10 and Beltway 8, these properties offer unparalleled connectivity for residents commuting to Houston and surrounding areas. The convenient location is just a four-minute drive to either major highway, making downtown Houston accessible within 20 minutes.  

Lamar P. Fisher, Auctioneer

Fisher Auction Company Inc. License: 10344

Key Property Information

Listing Status: Available
Listing Type: Auction
Property Types: Apartment Buildings
No. of Units: 75
Average Occupancy: 93
Building Size: 64,700 Sq ft
Lot Size: 1.98 Acres
No. of Stories: 2
Opportunity Zone: No
Property Website Click Here
Address: 803 Nancy Rose St, Houston, TX 77015, USA

Unit mix

Description No. of Units Sq ft. Avg. Monthly Rent

FINANCIAL DETAILS

Income/expense info: Actual
Net operating income: 438778

Additional contacts

Full name Phone number Email address
Ryan Jenkins (631) 833-5152 [email protected]

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