Description:
INVESTMENT INFORMATION:
The Property will be sold on the Auction Platform of RealINSIGHT MarketPlace at www.rimarketplace.com. Please visit the site for further information regarding this property.
TOUR DATES:
TUESDAY, NOVEMBER 8TH - 11:00 AM THRU 2:00 PM C.S.T.
WEDNESDAY, NOVEMBER 30TH - 11:00 AM THRU 2:00 PM C.S.T.
TUESDAY, NOVEMBER 8TH - 11:00 AM THRU 2:00 PM C.S.T.
WEDNESDAY, NOVEMBER 30TH - 11:00 AM THRU 2:00 PM C.S.T.
1) Located in the East Aldine district in an unincorporated area of northeast Houston, Tx. in the county of Harris. The area is made up of largely Hispanic households. Many small industrial facilities are located in and near the community. Its location is inside Beltway 8, just east of Hwy 59 and west of Homestead Rd. The district government estimates that the district is 15 minutes driving distance from Downtown Houston, and is in proximity to the Houston Ship Channel, the Port of Houston, George Bush IAH, and Humble. The area is largely made up of homes dating in the mid to late 70's. Approximately 70% of the population in the East Aldine area are renters. The rental occupancy in the area is above average when compared to the city of Houston.
2) The property is highly upgradeable. Some interior improvements a new owner may consider to allow for an increase in rents are granite counters, new lighting and hardware package, cabinets, faux wood flooring. Some possible exterior improvements would be to add some covered parking, landscaping improvements to improve the curb appeal, full paint, some wood replacement, add a playground & picnic areas, of the property. There is one laundry room on the property.
3) It is the broker's opinion, that with interior and exterior upgrades and the correction of deferred maintenance, the property could see additional upside in the rents (the subject's rents seem to be below properties in the area that have been upgraded).
The Property will be sold on the Auction Platform of RealINSIGHT MarketPlace at www.rimarketplace.com. Please visit the site for further information regarding this property.
TOUR DATES:
TUESDAY, NOVEMBER 8TH - 11:00 AM THRU 2:00 PM C.S.T.
WEDNESDAY, NOVEMBER 30TH - 11:00 AM THRU 2:00 PM C.S.T.
TUESDAY, NOVEMBER 8TH - 11:00 AM THRU 2:00 PM C.S.T.
WEDNESDAY, NOVEMBER 30TH - 11:00 AM THRU 2:00 PM C.S.T.