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Income Property Real Estate Listings
Texas Real Estate Commercial & Residential Investment Properties for Sale
• Apartment Buildings • Rental Homes &
Condos • Office & Retail Buildings • Hotels
& Motels
• Mobile Home Parks • Vacation Rentals
Texas Real Estate Listings
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List an Income Property Now!
Houston, Texas
The Wilshire
3304 Fountain View
Houston, TX 77057
60-unit complex located on Fountainview at Beverly Hills - just
west of Galleria. Heavily rehabbed over the past 2 years. High traffic count
street. Owner is implementing a water & sewer RUBS so miscellaneous income
has been increased on the "Proforma." A buyer can pay all cash or assume the
existing extremely low interest rate financing! (5.5% I.O. currently) There
are 40 1 bedroom, 1 bath units with 750 sq. ft. & renting for $575 per
month. There are 12 2 bedroom, 1 bath units with 925 sq. ft. renting for
$735 per month. There are 7 3 bedroom, 2 bath units with 1,400 sq. ft. and
renting for $1,040 per month. And 1 1 bedroom, 1 bath unit with 1,000 sq.
ft. renting for $740 per month. The units have central air & the complex
has a pool.
Asking Price $2,500,000.
Tom Wilkinson
713-355-4646 (phone)
713-355-4331 (fax)
twilk4@ketent.com
My Web-Site
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Houston, Texas
Inglewood Village is a 93-unit apartment complex.
Renovated in mid 1998. Good close-in area just west of the Galleria. Owner
is implementing a water & sewer RUBS in 2002 to recover 85% of the property's
water & sewer bills. The existing financing must be assumed so this is
a cash to the loan transaction with a low downpayment. The property is in
good condition & shows well. 33 1 bedroom units with 1 bath & 790
sq. ft. rent for $495 per month. 12 2 bedroom units with 1.5 baths & 980
sq. ft. rent for $595 per month. 24 2 bedroom units with 2 baths & 1,000
sq. ft. rent for $685 per month. 22 2 bedroom units with 2 baths & 1,080
sq. ft. rent for $695 per month. And 2 3 bedroom units with 2 baths &
1,300 sq. ft. rent for $850 per month. Tenants pay for electric & water/sewer.
100 parking spaces available to the tenants.
Asking Price $3,300,000.
Tom Wilkinson
713-355-4646 (phone)
713-355-4331 (fax)
twilk4@ketent.com
My Web-Site
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Houston
Peachtree Apartments
5720 Rampart
Houston, TX 77081
154-unit complex. Rehabbed blue-collar tenant profile property
in the Gulfton area. Maintains high occupancy. Has lowest rents of the comps
listed. Owner is implementing a water & sewer RUBS program to bill back
85% of these charges. Should be implemented by the end of 2002. Loan has yield
maintenance after lockout & must be assumed. Proforma cap rate of 12.13%.
There are 40 1 bedroom, 1 bath units with 612 sq. ft. renting for $430 per
month. There are 44 1 bedroom, 1 bath units with 615 sq. ft. renting for
$415 per month. There are 44 1 bedroom, 1 bath units with 662 sq. ft. renting
for $445 per month. There are 12 2 bedroom, 2 bath units with 850 sq. ft.
renting for $515 per month. There are 12 2 bedroom, 2 bath units with 964
sq. ft. renting for $565 per month. There is 1 1 bedroom, 1.5 baths with
800 sq. ft. renting for $465 per month. And there is 1 2 bedroom, 1.5 baths
with 1,000 sq. ft. renting for $550 per month. The complex has 216 parking
spaces. The units have central air & the complex has a pool.
Asking Price $4,000,000.
Tom Wilkinson
713-355-4646 (phone)
713-355-4331 (fax)
twilk4@ketent.com
My Web-Site
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Click Here!
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Houston MSA
Click Picture to Enlarge
Aerial showing Simon Group's 398,000 sq. ft. Mainland Crossing
with this OFFICE MAX in front, & Mall of The Mainland across the
road. This is the RETAIL DESTINATION for 10-15 mile radius. Pop.
156,000+
Office Max, NN Lease 9.441% cap, 10.445% total return pre-tax.
Rent is $21,793 per month. 23,560 sq. ft on 1.98 acres. Outlot
is in front of Wal-Mart & Sam's Club. $678,000 cash down to assum
loan. NYSE Tenant #339 on Fortune 500. OfficeMax 2001 sales equal $5.1 Billion,
Net Worth $1+ Billion. Tenant pays all expenses. Landlord is responsible
for the roof & structure only.
Asking Price $2,770,000.
Dick Klein, CCIM
5302 La Branch
Houston, TX 77004-6834
713-942-9472 (phone)
713-942-9467 (fax)
rklein@ccim.net
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| San Marcos
134 Class A units for sale. New luxury townhomes. Full occupancy expected by the end of June 2002 with no concessions.
The best new property in San Marcos. Stucco & limestone exteriors,
garages, carports, clubhouse, gated access, fitness center, etc. Mostly
3\3's. Designed for students that attend SWTSU (23,500 students).
Part of Austin MSA, but not part of the soft market. 9.5% cap.
Asking Price. $12,500,000.
Jeff Smith
The Smith Company
512-394-0908 (phone)
512-394-0913 (fax)
512-751-9728 (mobile)
smithco@austin.rr.com
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Undisclosed Area
New 500 Mobile Home Park (MOL Site). It is a very
high quality land lease community for sale at 8.0% cap rate on NOI at
stabilized occupancy. Good stable market. Property includes
community center, fitness center, & manager's apartment.
Asking Price $13,500,000 subject to an assumeable
$8,000,000 mortgage. Some seller financing might be available,
but the existing mortgage does not allow subordination, so any offer
which includes a 2d mortgage will have to be secured on other seller
approved assets.
Information on the property provided only after signing
a non-disclosure, non-circumvention agreement.
Edward Hicks, Lic. R.E. Broker
813-661-5901
easteddie@aol.com
My Web-Site
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All information provided by the listing agent/broker or
by the seller is deemed reliable, but is not guaranteed and should
always be independently verified.
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