LA PLAZA ON WITTE
1350 Witte Rd., Houston, TX 77055
La Plaza Apartments is a two story, garden-style, 138 unit, Class C, 1965 vintage apartment property located in the Spring Branch area of Houston. Some of the amenities include: ceiling fans, fully equipped kitchens, and swimming pool.
The property is located in the highly rated Spring Branch ISD and has convenient access to Interstate 10, Loop 610, Hwy 290, and Beltway 8. All the major business districts, i.e., I-10/Memorial, Energy Corridor, The Galleria, Uptown, Greenway Plaza, and the Downtown Central Business District, are convenient to the property.
Due to the excellent Spring Branch ISD schools and the close in location, this asset has great potential to purchase and rehab. This asset has been owned more than 20 years. The rehab number is estimated.
There have been recent sales in the area between $50K and $80K per door depending on the location and the physical condition.
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.