201 EMERSON STREET APARTMENTS

201 Emerson St., Houston, TX 77006

Specifications

Price: 
$ 3,000,000
Property Type: 
Garden/Low Rise
Class: 
B+
Year: 
1961
Units: 
20
Rentable Sq. Ft.: 
12,970
Lot Size: 
0.29 acres
Listing Type: 
Status: 

201 Emerson St Apartments is a 20 unit apartment building located at 201 Emerson St. It contains approximately 12,970 square feet of rentable area and was built in 1961. It is located in the Neartown-Montrose neighborhood. The asset is nestled in a quiet, established, residential neighborhood with an abundance of old oak trees and yesteryear charm.

Residents enjoy a shared on-site laundry facility. There is garage parking as well as surface parking. All bills paid property.

The tenant profile is predominately young professionals with income above the average Houston Metro income level. Residents enjoy close proximity to the University of St. Thomas, the Museum of Fine Arts, the Houston Museum of Natural Science, Rothko Chapel, the Houston Zoo, the Texas Medical Center and Downtown Houston.

The broker feels that an interior and exterior upgrade could substantially increase rental income.

Supporting Documents
Private

Rajesh H. Patel

Location: 
Houston, TX
rpatel@ketent.com
Office: 
713 355 4646
Mobile: 
903 237 9732
Fax: 
713 355 4331

Rajesh H. Patel is a licensed Texas Real Estate Salesperson with knowledge in commercial real estate sales, strategic property marketing, and seeking investors interested in building a portfolio of income producing real estate assets. Rajesh holds a B.S. in Marketing from the University of Houston Downtown and a Certificate in Multi-Family Property Management from Houston Community College.

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