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INVEST IN COMMERCIAL REAL ESTATE IN HOUSTON, TEXAS
This amazing apartment community is in the growing energy corridor providing families with quality, affordable living in an exemplary school zone. Nottingham Village is one of two properties with family-sized units in one of Houston’s Best School Districts. Residents can enjoy walking to elementary, middle and high schools within minutes from the property.
New Listing!
Minimum Investment:
$250,000
Required Equity:
$11,500,000
Asset Value:
$45,000,000
Existing HUD loan:
$36,000,000 (80% LTV) (38 fixed years remaining at 3.4%)
NOI:
$2,550,000 actual
Financial Highlights
Annual Cash Yield:
T-12 - Cap Rate: 5.5%
Target IRR: 21%
Target Cash on Cash: 9%
Investment Highlights
- Excellent value-add opportunity with $400.00 rent bump
- Property is zoned to highly acclaimed Spring Branch Independent School District
- Average home price for area is $670,000, approximately 95% higher than the Houston’s average