This offering memorandum is for general information only. No information, for ward looking statements, or estimations presented herein represent any final determination on investment per formance. While the information presented in this of fering memorandum has been researched and is thought to be reasonable and accurate, any real estate investment is speculative in nature. Par tners and/or its agents cannot and do not guarantee any rate of return or investment timeline based on the information presented herein.

By reading and reviewing the information contained in this of fering memorandum, the user acknowledges and agrees that Par tners and/or its agents do not assume and hereby disclaim any liabilit y to any par t y for any loss or damage caused by the use of the information contained herein, or errors or omissions in the information contained in this of fering memorandum, to make any investment decision, whether such errors or omissions result from negligence, accident or any other cause.

Investors are required to conduct their own investigations, analysis, due diligence, draw their own conclusions, and make their own decisions. Any areas concerning ta xes or specific legal or technical questions should be referred to lawyers, accountants, consultants, brokers, or other professionals licensed, qualified or authorized to render such advice.

In no event shall Partners and/or its agents be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this offering memorandum or any information contained herein. Partners and/ or its agents specifically disclaim any guarantees, including, but not limited to, stated or implied potential profits, rates of return, or investment timelines discussed or referred to herein


Partners is pleased to present the opportunity to purchase this 11-unit apartment cottage-style complex located just a few blocks from Highway 59/69N & the 610 Loop, and 10 minutes northeast of Downtown Houston. This property consists of 5 two-bedroom and 6 one-bedroom apartments, totaling approximately 7,595 sf of rentable area on a 21,710 sf lot. The units are fully gated with several walk-through metal gates surrounding the property. The buildings were built in 1956 and purchased by the current owner in early 2022 as part of a large portfolio. They then went through some interior and exterior upgrades including exterior paint, some siding & trim replacement, stone countertops, tubs, tile surrounds and more. Upgrades of 2 vacant units & exterior were completed in July of 2022, although all units have been renovated in the past. Each unit is individually metered for gas & power, and the landlord pays for the remaining utilities. The addition of a RUBS system will help a future landlord to reduce landlord responsibility for utility bills. This is an excellent opportunity to capture equity through management by simply increasing the current units to market rates.


– $79,000 PRICE/UNIT
– $114.00 PRICE/SF.
– 9.7% (Broker Adjusted) Proforma cap rate


 – 7,595 Total Building SF
 – Land Size SF 
 – 1956 Year Built
 – 1 Stories
 – 11 Units
 – Electric, Gas
 – Water
 – Eastex-Jensen
 – 7.7% Submarket Vacancy Rate


Houston is the nation’s 4th most populous city and is the 7th large t U.S. metro economy. The Houston MSA has grown at a 2.6 compound annual growth rate since 2001.


There are 3.1 million jobs in the Houston MSA. Health, Education, and Business & Professional Services account for nearly 1 in 3 of the region’s jobs. The goods-producing sector accounts for nearly 1 in 6 of the region’s jobs. Houston is home to 84,560 engineers and architects, and approximately 230,300 people work in the region’s manufacturing industry. 42 of the 113 publicly-traded oil and gas exploration firms are based in Houston.


The Texas Medical Center is the world’s largest medical complex. It comprises 50 Million developed square feet, and there is currently $3 Billion in construction projects underway


Houston has the largest export market in the U.S., ranking 1st in foreign tonnage for 23 straight years. The Port of Houston is the largest Gulf Coast container port and ranks 1st in total waterborne tonnage. The major industries in Houston include energy, life sciences, aerospace & aviation, advanced manufacturing, digital technology & innovation, and transportation & logistics.

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