6705 Fairway DrHouston, TX 77087

This exceptional investment opportunity presents Sunset Valley Apartments, a stabilized multifamily property located at 6705 Fairway Dr, Houston, TX 77087. Priced at $2,525,000, this Class B apartment building boasts 28 units, offering a compelling 8.12% capitalization rate. The property, totaling 24,002 square feet, sits on a 0.55-acre lot in the desirable Golfcrest neighborhood. Completely renovated in 2023, the building features a mix of one- and two-bedroom units, all currently 100% occupied as of March 4, 2024. The property generates a Net Operating Income (NOI) of $205,000. Water is paid by the landlord, while electricity is individually metered for each unit. Built in 1960 and situated in a prime location near major thoroughfares and institutions, this two-story building offers a strong, stable income stream and significant potential for long-term growth. The property's price per unit is $90,178.57, and the price per square foot is $105.20. This turnkey investment has been approved by multiple lenders and inspections are available for qualified buyers. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a thriving Houston submarket.