2832 Bartell DrHouston, TX 77054

For Sale
$848,000

High-yield investment, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a portfolio of thirteen condos totaling 9,059 square feet, situated in a prime Houston location at 2832 S Bartell Dr, Houston, TX 77054. Built in 1983, this Class C multifamily property boasts a strong 6.68% cap rate and a current Net Operating Income (NOI) of $56,631. The property features eleven buildings across three stories, with 100% occupancy and many long-term tenants. This value-add investment is ideally positioned near the Texas Medical Center, NRG Stadium, and Meyerland shopping, benefiting from the significant foot traffic and economic activity of these areas. The location offers easy access to Highway 610, providing convenient transportation throughout the city. The property's land value is $93.61 per square foot. The asking price for the entire portfolio is $848,000. Individual unit purchases may also be considered. This presents a unique chance to capitalize on the growth potential of Houston's thriving medical and entertainment sectors, within an opportunity zone. The property's proximity to the world's largest medical center and NRG Stadium, which attracts over 5.6 million visitors annually, ensures consistent rental income and long-term appreciation potential.

Highlights

  • Medical Center proximity.
  • Excellent access to Highway 610, NRG Stadium, and Meyerland shopping.
  • Located near the world's largest medical center, encompassing 50 million square feet.
  • Directly across from NRG Stadium, attracting over 5.6 million annual visitors.

Property Details for 2832 Bartell Dr

Property type
Multifamily properties, Residential income properties
Square Feet
9,059 SF
Class
C
Year Built
1983
Buildings
11
Stories
3
Units
13

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.681290415904
Longitude
-95.42161050804
2832 Bartell Dr, Houston, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2832 Bartell Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message