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6840 Fairway Drive
Houston, TX 77087
Asking Price
$1.85M
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 16 Units <ul><li>Fully renovated 16-unit multifamily community with extensive interior and exterior renovations that position the property for immediate lease-up, operational stability, and long-term value growth.</li><li>Prime Southeast Houston location with convenient access to Downtown Houston, the University of Houston, the Texas Medical Center, Hobby Airport, and the Port of Houston.</li><li>Lease-up opportunity with immediate value creation as all units are currently vacant, allowing investors t
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NOI
$80,000
Cap Rate
4.32%
DSCR
0.73
Underwater
Cash-on-Cash
-5.39%
Monthly Payment
$9,165.159
Annual Cash Flow
$-29,981.911
