Multifamily Investment Opportunity
Price
$32,500,000
Exclusive Off-Market Listing: 1001 Pinemont Drive, Houston, TX - A Premier Investment Opportunity
Nestled in the heart of Houston, 1001 Pinemont Drive presents a rare and unparalleled investment opportunity. This A-Class, 136-unit apartment complex is now available off-market at an asking price of $32.5 million. Boasting a remarkable blend of luxury, comfort, and convenience, this property offers a turnkey solution for investors seeking to capitalize on Houston's vibrant rental market.
Property Photos and Financials: https://drive.google.com/drive/folders/1GFEfbshKlRKCFfHCE4Wotrd9f7QFt1Vg?usp=share_link
Property Highlights:
Asking Price: $32.5 Million
Net Operating Income (NOI): $1,500,914/year
Occupancy Rate: 97%
Total Rental Income: $2,418,337/year
Square Footage: 127,536 sq ft
Key Features:
136 Updated Units: Each unit reflects modern living standards, ensuring high tenant satisfaction and demand.
Swimming Pool: A pristine pool area serves as a central leisure spot for residents, enhancing the community's appeal.
Financials: Comprehensive financial documentation is readily available, showcasing the property's strong performance and investment potential.
Assumable Note: Benefit from the convenience of an assumable note, offering flexibility in financing.
Strategic Location: Positioned in a sought-after area of Houston, the complex enjoys easy access to local amenities, transport links, and employment hubs.
This property not only promises a robust return on investment but also offers the security of a high occupancy rate and a stable income stream. With meticulous upkeep and strategic upgrades, 1001 Pinemont Drive stands as a testament to quality and excellence in residential living.
Serious Offers Only: We invite discerning investors to seize this exclusive opportunity. All offers should be directed to investments@promiselandrealtyllc.com. Detailed financials and further information are available upon request, underscoring our commitment to transparency and due diligence.
1001 Pinemont Drive is more than an investment; it's a cornerstone for your portfolio, offering both immediate returns and long-term growth potential. Contact us today to explore this exceptional offering.
Aerial View
"YOUR #1 SOURCE FOR OFF MARKET INVESTMENT PROPERTIES, NATIONWIDE"
PROMISE LAND REALTY, LLC
Work: 864-762-2509
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top