Northline Terrace

03-22-2022
04-25-2022

122 E Crosstimbers St, Houston, TX 77022

• Value-add
• Laundry facilities on site
• Garden-style apartments
• Courtyard
• 5% Cap Rate
• Taxes are $60,721.91
• Easy access to Interstate 45; 610; and 69

Property Description

Northline Terrace Apartments

122 East Crosstimbers Dr, Houston, Texas 77022

 

Gross Rental Income: $550,680

Gross Expenses: $223,335.58

NOI: $327,345

Asking Price: $6,000,000

Cap Rate: 5.45%

Unit Count: 51

 

Proforma for 2022:

Gross Rental Income: $605,700

Gross Expenses: $248,400

NOI: $357,300

Cap Rate: 5.95%

 

Some flexibility - offers are encourage

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Single Family Rental Portfolio
Price
$ 6,000,000
No. of Units
51
Cap Rate
5.45%
Opportunity Zone
Off
Price per unit
$ 117,647

Financial Details

Income/Expense Info
Actual
Gross Income
$ 550,680
Operating Expenses
$ 223,335.58
Net Operating Income
$ 327,345
View broker details
Sign in to use the inquiry form

29.827871, -95.375041