4115 DRAKE STREET APARTMENTS

4115 Drake St., Houston, TX 77005

Specifications

Price: 
$ 2,352,000
Property Type: 
Garden/Low Rise
Class: 
A-
Year: 
1962
Units: 
16
Rentable Sq. Ft.: 
10,201
Lot Size: 
0.34 acres
Listing Type: 
Status: 

4115 Drake Street Apartments is a two story, garden style, 16 unit apartment building located at 4115 Drake Street in the West University area of Houston, Texas. It contains approximately 10,291 square feet of rentable area and was built in 1962 and was remodeled in 2016. 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 and ample amenities which include: miniblinds, kitchen pantries, ceiling fans, a full appliance package, hardwood floors, and a beautifully landscaped courtyard with a sparkling swimming pool. Nearby schools include West University Elementary School, Pershing Middle School, and Lamar High School.

The tenant profile is predominately young professionals with income above the average Houston Metro income level. Residents enjoy close proximity to the Galleria area, 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 property appears to be in excellent condition. As of 4/11/19, two of the vacant units have been leased.

Supporting Documents
Private

Tom Wilkinson

Location: 
Houston, TX
twilk4.ketent@gmail.com
Office: 
713-355-4646 x 102
Fax: 
713-355-4331

Tom Wilkinson has performed real estate marketing serves for institutional and individual investors since 1972. He has a BA in Mathematics from Rice University and an MBA in Real Estate Investments from the University of Texas. In addition to brokering real estate, Tom previously owned and operated more than 80 properties. Tom has successfully marketed properties for and to dozens of individual, business and institutional sellers and buyers, including REO properties for the RTC, FNMA and FreddieMac.

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