Condos on Long Point
9616 Long point Rd,
Houston, TX 77055
90 Condos for sale as ONE Purchase
$13,000,000
Offering Price
13.00
GRM
$144,444
Price Per Unit
90
Number of Units
5.00%
Cap Rate
78,000
Building SF
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$13,000,000
Offering Price
13.00
GRM
$144,444
Price Per Unit
90
Number of Units
5.00%
Cap Rate
78,000
Building SF
Future Development Opportunity
Ideal investment for future redevelopment Current income opportunity with room for appreciation
Zoned to Spring Branch ISD Nonrestricted use
McArthur Park is a condominium community with 90 individually owned units 20 units: 1 bed 58 units: 2 bed 12 units: 3 bed Total of 78,000 SQFT of buildings, situated on 30,000 SQFT concreted land.
This is an ideal opportunity for investors who would like to generate rental income while preparing for the next development project.
90 units spread out over 3 Acres in the heart of spring branch
Hard to beat this location, 310 feet on Long Point Rd-One of the busiest roads in Spring branch.
Great improvements in demographics over the past 10 years, to include increases in: educations, land values and income.
No restriction/zoning-may be used for any commercial/mixed residential redevelopment.
Spring Branch is one of the unique neighborhoods that has developed in multiple areas: Real Estate, Employment, Schools, Infrastructure and more in last 20 years. It continues to grow considering its particular location in terms of access to highways, shopping, groceries and dining all while located in the heart of Houston.
FOR MORE DETAILS CONTACT
Toktam Ettehadieh
Broker Associate
(713) 398-5009
Toke@tokeproperties.com
577559
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