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$13,500,000 / 8br - 328 unit Apartment Complex opportunity
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Good Money Wholesalers LLC is proud to present the Altair Residences, located at 8501 Broadway Street, Houston, TX 77061.
Property Website: https://www.altairresidences.com/
Key Details:
• Asset Overview: Lender repossession with limited documentation. Currently 30% occupied (rent roll attached).
• Location: Conveniently situated 12 minutes from Houston Hobby Airport, with easy access to Interstate 45 and a local school bus stop.
• Units: 1- and 2-bedroom apartments ranging from 565 to 964 square feet.
• Amenities: High-speed internet access, dog park, outdoor grilling areas, lush courtyard, on-site laundry, and a playground.
• Condition & Repairs: All 16 buildings require new roofs, with an estimated repair cost of $10,000 per unit. Buyers should perform their own due diligence regarding total repair costs and ARV.
• Price: $13,500,000 (under $42k per door) – Value-Add Opportunity.
Next Steps:
• Primary End Buyers: Please submit an official LOI along with verifiable Proof of Funds (POF). Property inspections will be scheduled upon receipt.
• Wholesalers, Brokers, and Agents: Please secure your buyer prior to reaching out.
Please understand, this is a Lender Repossession* documentation is extremely limited. Buyers are to perform their own due diligence.
Best regards,
Unit Mix:
260 1 br
68 2 br
Here is the link to pics taken today: https://www.dropbox.com/scl/fo/pv3pp33bjkjivgvfw8u7p/AFwrPxn8WQk1XHTAOJ1R5tI?rlkey=5u077rdpex0ez2fg9hg06195y&st=qr7h6x7f&dl=0