203 Danna LnHouston, TX 77009

For Sale
$950,000

4-Unit, Brand New, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 4-unit apartment building, completed in October 2024, presents a compelling investment opportunity in Houston's thriving Northside Village submarket. Boasting 4,200 square feet, the property offers a strong 6.40% cap rate and a substantial net operating income (NOI) of $60,844. Each unit commands a price of $237,500, reflecting the high demand in this rapidly appreciating area. Located at 203 Danna Ln, Houston, TX 77009, this property benefits from its proximity to downtown Houston (7 minutes away), the renowned Texas Medical Center, and the expanding METRORail system. The strategic location within Northside Village offers significant rent growth potential fueled by ongoing neighborhood revitalization, new developments, and increasing demand for affordable housing. The area also provides convenient access to a variety of amenities, including White Oak Music Hall, The Houston Farmers Market, and numerous restaurants and retail establishments. Furthermore, Houston's lower-than-national-average cost of living (6% lower according to Payscale) adds to the property's attractiveness. This is a rare chance to acquire a brand-new, high-performing multifamily asset in a dynamic and rapidly growing Houston neighborhood. The asking price for this turnkey investment is $950,000.

Highlights

  • Brand new 4-unit apartment building, completed October 2024.
  • 7-minute drive to Downtown Houston, near Texas Medical Center.
  • Located in the rapidly appreciating Northside Village submarket, offering strong rent growth potential.
  • High demand location with ongoing revitalization, new developments, and METRORail expansion.
  • Houston's cost of living is 6% below the national average.
  • Convenient access to White Oak Music Hall, Houston Farmers Market, and various restaurants and retail.

Property Details for 203 Danna Ln

Property type
Multifamily properties, Apartment buildings
Square Feet
4,200 SF
Year Built
2024
Units
4

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.8098318
Longitude
-95.3703716
203 Danna Ln, Houston, Texas

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203 Danna Ln
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