6434 Ella Lee LnHouston, TX 77057

This exceptional 127-unit apartment complex, known as Barcelona Apartments, presents a compelling investment opportunity in Houston, Texas. Located at 6434 Ella Lee Ln, in Harris County, zip code 77057, this garden-style property boasts a substantial 137,756 square feet of living space spread across fifteen two-story buildings. The property sits on a generous 4.17-acre lot and offers ample parking with 170 spaces. Built in 1963, the complex currently enjoys an 89% occupancy rate, generating a Net Operating Income (NOI) of $663,696. A pro-forma NOI of $696,099 projects even greater potential. The asking price is $15,000,000, translating to $118,000 per unit and a compelling cap rate of 4.42%. The property's price per square foot is $108.89. This well-maintained asset offers a strong foundation for immediate cash flow and future appreciation, making it an ideal addition to any multifamily portfolio. The property's location in Houston provides access to a robust rental market and diverse population base. The property's APN is 0953780000005. This is a rare opportunity to acquire a well-positioned, income-producing asset in a thriving Texas market.