6701 FAIRWAY APARTMENTS

6701 Fairway, Houston, TX 77087

Property Location

Specifications

Price: 
$ 700,000
Property Type: 
Garden/Low Rise
Class: 
C
Year: 
1955
Units: 
24
Rentable Sq. Ft.: 
13,192
Lot Size: 
0.59 acres
Listing Type: 
Status: 

The 6701 FAIRWAY APARTMENTS is an intimate, clean, well kept, 24 unit apartment property located in the Golfcrest neighborhood in southeast Houston. Built in 1955, the property is on a corner with covered parking for each unit. There is a small coin operated laundry for the resident's convenience. There are 22 one bedroom / one bath units that include bathroom, kitchen, breakfast room, living room and a large closet. There is also an efficiency unit and a two bedroom / one bath unit. The project is currently 100% occupied. This is an excellent value-add investment for the smaller investor. Interior and exterior upgrades could generate rent increases and additional income. Current owner is projecting rent increases in Oct 2015.

The community is well located with close proximity to Loop 610, I-45 and is within walking distance to the newly renovated Gulfgate Shopping Center.

Nearby schools include Brookline Elementary School, Golfcrest Elementary School and Houston Gateway Academy. The closest grocery stores are Kuif's Petroleum, Central Best and La Espanola Mexican Products, Inc.. Nearby coffee shops include Starbucks, Panaderia Millan and Dot Coffee Shop. Nearby restaurants include La Espanola Distributors, Spanky's Pizza, Pasta & Amore and Frank's Grill. The 6701 Fairway Apartments are also near Brookline Park, Park at Palm Center and Reveille Park.

  1. Across the street from Barnett Fieldhouse ( HISD )
  2. Value-Add Investment for the Smaller Investor
  3. Located Just Minutes of Downtown Houston with Access to I-45, Loop 610
  4. Gulfgate Shopping Center is Right Around the Corner
  5. All Apartments Have Carport Parking
  6. Major Employment in the Area. Hobby Airport is Preparing for Multi Million Dollar International Expansion
Supporting Documents
Private

Hashir Saleem

Location: 
Houston, TX
hashir.ketent@gmail.com
Office: 
713-355-4646 x 106
Fax: 
713-355-4331

Hashir Saleem is a licensed Texas Real Estate Broker involved in real estate marketing services for institutional and individual investors. Hashir holds a B.S. in Industrial Engineering from the University of Houston and an MBA from Rice University's Jones Graduate School of Business.

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