811 Colquitt St., Houston, TX 77006
811 Colquitt Apartments is a 10 unit apartment building located at 811 Colquitt Street. It contains approximately 6,100 square feet of rentable area and was built in 1959. 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 laundry facility. There are 9 parking spaces as well as street parking. The units, which range in size from 750 sq. ft. to 1,295 sq. ft., have all tile floors. Electricity is separately metered and paid by the resident. The owner pays gas, water and trash. Water bill is under protest and seller changing insurance out.
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 and implementing a RUBS could increase rental income.
0% Commission to outside agents.
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.