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New Construction 16-Unit Next to University of Houston

3709 Anita St, Houston

ROI

22.47% IRR

Strategy

Short Term Rental

New construction 16-unit next to University of Houston. Two buildings, (8) furnished 2bd/2ba and (8) unfurnished 1bd/1ba. Strong employer/tenant pool, gentrifying neighborhood, and no HOA. Ideal property for a mix of mid-term, short-term, and student housing. Two 8-unit buildings with 5,152 total sq ft. (8) furnished 2 bed, 2 bath units and (8) unfurnished 1 bed, 1 bath units.

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New Construction 16-Unit Next to University of Houston

Listed 01/24/2024

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3709 Anita St, Houston

Purchase Price:$2,200,000

Cash Outlay:$784,000

Cashflow:$5,399/mo

Cap Rate:8.90%

IRR:22.47%

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