CAPEWOOD

4335 Aldine Mail Route Rd., Houston, TX 77039

Specifications

Property Type: 
Garden/Low Rise
Class: 
C+
Year: 
1977
Units: 
176
Rentable Sq. Ft.: 
147,704
Lot Size: 
6.11 acres
Status: 

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.

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.

I'm interested in this Property

Visitor Info
This form will automatically send an e-mail to the Agent who will contact you as soon as possible. Thanks for getting interested!!!