101072 . 10 HOME SFR HOUSTON, TX

06-23-2022
07-05-2022

101072 . 10 HOME SFR HOUSTON, TX, Houston, TX 77089

All homes are single-family detached
The asset mix consists of six three-bedroom and four 4-bedroom homes 
Five homes in League City, 3 in Houston, 1 in Webster, 1 in Pearland
Portfolio is self-managed 
Average home size of 1,530 square feet, and an average vintage of 1976 
All homes are in excellent condition and meticulously maintained 
All homes are single level with no swimming pools 
No carpet throughout the homes 
Seller financing available 
The average asking price of $299,900 is well below League City’s median home sale price of $351k 
100% leased to fully vetted tenants 
The average year remodel is 2019 
Minimal deferred maintenance 
Significant CapEx deployed throughout the portfolio 
League City is well known for its excellent schools and education system 
Low property tax rates and very low annual HOA dues
All SVN® Offices Independently Owned & Operated

Property Description

Contact:
TOM JOHNSTON
Director of Brokerage Services
SVN | SFRhub Advisors
T: 602.825.1780
C: 602.403.3695
tom.johnston@svn.com
License #: BR507919000

BOR:
SVN | J. Beard Real Estate Company
Jeff Beard
License #: 0519836

Visit www.SFRhub.com and search for portfolio 101072 for more information. SVN | SFRhub Advisors is pleased to present to qualified investors this 10-home SFR portfolio scattered around the Houston MSA of League City, TX. The asset mix includes six three-bedroom and four four-bedroom homes. All homes were built between 1969 - 2002, with an average vintage of 1976. Dwelling sizes range from 1425 to 1734 square feet, and the average lot size is 7,405 square feet. The average asking price per home is $299,900, significantly below the League City median home price of $351k. The seller purchased the homes one at a time over the last decade. Upon acquisition, the seller deployed the necessary capital to improve the homes. Improvements include kitchen and bath remodeling, new roofs, new water heaters, new HVAC units, and cosmetic alterations. The homes received even more updates between 2015 - 2022 and are 100% occupied with fully vetted tenants. Many of the tenants have been in place for more than two years, if not longer. League City is continually ranked as one of the fastest-growing and most desired communities to live in both Texas and the USA. One million highly educated professionals live in and around League City because of our nationally acclaimed school system, business-friendly environment, affordable master-planned communities, family-centric values, 100-year-old oak trees, recreational lifestyle, and love for the water.

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Single Family Rental Portfolio
Price
$ 2,999,000
No. of Units
10
Cap Rate
4.03%
Year Built
1976
Building Size
15,298 Sq ft
Lot Size
74052.99 sq ft
No. of Parking Spots
0
Opportunity Zone
No
Buy Side Fee
50%
Price per unit
$ 299,900
View broker details
Sign in to use the inquiry form

29.582492, -95.216228