2306 McCue Rd - 2320 McCue Rd Houston

04-25-2022
04-25-2022

2306 McCue Rd, Houston, TX 77056

MARQUIS UPTOWN HIGHLIGHTS:
• New copper piping
• Sub metered - tenants reimburse about 80% of utilities
• Hi tech washer/dryer included
• Full time landscaper employed
• Covered parking included
• Reroofed this year
• Salt water pool

CARRIAGE SQUARE HIGHLIGHTS:
• European/French style
• Fresh water pool
• Individually metered
• Every unit has own W/D
• Built with bricks from Chicago fire

Property Description

2306 McCue Road, otherwise known as Marquee Uptown, is currently operational as a 58-unit multifamily.
2320 McCue Road, otherwise known as Carriage Square apartments, is currently operational as a 40-unit multifamily.
In total, they are comprised of 98 units, all situated on 2.73acres of land, on two contiguous tax lots. Both properties are currently being looked at as covered land plays and are being sold on that basis.
Located in the heart of the Galleria/Uptown trade area with 187,000+ population with high average household incomes of over $94,000 within a 5-mile radius.

Key Property Information

Listing Status
Available
Listing Type
Call for offers
Multifamily type
Development Opportunity
Price
$ 32,000,000
Lot Size
118,918.8 Sq ft
Opportunity Zone
Off
Price per unit
$ 0

Financial Details

Income/Expense Info
Actual
Financial Year
2021
Gross Income
$ 1,787,844
Effective Gross Income
$ 1,787,844
Operating Expenses
$ 976,859
Net Operating Income
$ 810,984
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