3311 Nettleton St

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3311 Nettleton St

Houston, TX 77004
Asking Price
$875K
Cap Rate
5.7%
Asset Type
Student Housing Multifamily
Class
Class B

What's Special

Brand new 2025 | 4 rentable units | 5.7% CAP | Inside 610 Loop | Vacant at closing <ul><li>​4 rentable units across 2 buildings — brand new 2025 construction</li><li>​Proforma cap rate 5.7% based on current 77004 market rents</li><li>​Projected gross rent $6,400/month / $76,800 annually</li><li>​Bulk portfolio price $875,000 — $29,000 below combined individual pricing</li><li>​Both properties delivered vacant at closing — immediate lease-up</li><li>​1031 exchange friendly - No HOA — maximum leasing and operational flexibility</li></ul>

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NOI
$80,000
Cap Rate
9.14%
DSCR
1.54
Strong
Cash-on-Cash
10.69%
Monthly Payment
$4,329.023
Annual Cash Flow
$28,051.729

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