4335 Aldine Mail Route Rd., Houston, TX 77039
Capewood Apartment Homes is a 176 unit, garden apartment community built in 1977 in the Eastex Freeway/Near Northeast submarket. Property amenities include an attractive leasing office, access gates and a perimeter fence. Residents enjoy other amenities including a swimming pool, a children's playground, a soccer field, carports, well-landscaped courtyards and two laundry centers.
Capewood offers residents a wide array of newly renovated one, two and three bedroom floorplans which average 834 square feet. Interior features include miniblinds, walk-in closets and storage closets. Select units feature self-cleaning ovens, frost-free refrigerators and patios/balconies.
The property benefits from an excellent location on Aldine Mail Route, less than 1 mile west of US Hwy 59, less than 3 miles east of the Hardy Toll Road and less than 3 miles sought of the Sam Houston Parkway.
As of February 2021, owner reports spending approximately $1,702,002 in repairs and replacements which include HVAC, roofs, boilers, fencing, landscaping, and much, much more. A complete list is available for review. Close to several major expanding industrial parks.
There are 16 down units because of a fire, but no insurance proceeds. Opportunity to rehab these units. Try $12,000,000 firm with hard money.
As of 3-29-21, there is currently $98,102 in delinquencies.
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.