1137 Freeport Street

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1137 Freeport Street

Houston, TX 77015
Asking Price
$560K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for sale in Houston.
  • The property is located at 1137 Freeport Street, TX.
  • Asset is situated within the 77015 zip code area.
  • Total asking price for this residential asset is $560,000.
  • Targeted investment opportunity for long-term residential rental income.

What's Special

Houston remains a robust economic center driven by its diverse energy, healthcare, and logistics sectors, maintaining steady demand for residential housing. This apartment building located at 1137 Freeport Street in Houston, Texas, represents a multifamily investment asset positioned within the 77015 zip code. Investors focused on the Gulf Coast region may find this property suitable for adding to a regional residential portfolio. The building provides a functional footprint for multifamily operations, serving the needs of local residents in this established Houston submarket. Given its scale and asset class, the property is well-suited for long-term rental income strategies in a market characterized by persistent population growth and workforce housing requirements. This acquisition offers an entry point for those seeking to leverage the stability of the Houston residential sector through an existing apartment community.

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NOI
$80,000
Cap Rate
14.29%
DSCR
2.41
Strong
Cash-on-Cash
27.83%
Monthly Payment
$2,770.574
Annual Cash Flow
$46,753.107

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