MULTIFAMILY OPPORTUNITY AT 3245 Dixie Drive, Houston Tx Houston ( Texas, US - 77021) Built

$585,000

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MULTIFAMILY OPPORTUNITY AT 3245 Dixie Drive, Houston Tx

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Thomas Investments

Adriana Thomas +525527370370 (Cell) Request More Info

New successful multifamily in Houston
Type: Multifamily
Style: 2 Storey
Bedrooms: 7
Bathrooms: 5
Size: 3,669 sq. ft.
Development Level: Built
Lot Size: 5360 acres
Year Built: 2019

Description

A great opportunity to get a newly-constructed multifamily building
Each building offers a triplex: 3bed, 2 baths on 1st floor, and two more with 2beds and 2 bads on 2nd floor.
It is surrounded by schools, universities (Rice, UST, TSU, & UofH), the Texas Medical center
Sold Comparables
 Radius of 2 miles
 All comps are much older multi-family buildings – built in 30s, 40s, & 50s
 Comps suggest base price of $577,500
 Adjust upward $100,000 for new construction
 Adjust downward $47,425 (7%) for location objections
 Estimated adjusted list price $630,075

Rents range (monthly) $1,250 to $1,400

Attachments

View Listing Brochure

Population

Total population	26,214
Male population	11,780
Female population	14,434
Median age	34.80
Median age (male)	35.40
Median age (female)	33.80

Marital status (Number of people who have the following marital status)

Never married	10,770
Married	7,105
Separated	903
Widowed	1,453
Divorced	2,278

Population by age

Under 15	4,608
Age 15 to 24	4,317
Ages 25 to 44	7,164
Ages 45 to 64	6,188
Age 65 and over	3,937

Population mobility

Live in the same house as 1 year ago	21,381
Moved from abroad	30
Moved from a different state	709
Moved from the same county	3,347
Moved from the same state	400

Population by poverty level

Above poverty level	18,302
Below poverty level (daily income under $1.90/day)	7,299

Employment

White collar	9,518
Blue collar	1,847

Class of worker

Self employed	715
Private company	7,877
Not for profit company	964
Government workers	1,809

Households

Total households	10,720
Family households	5,775
Non-family households	4,945
Households with children	2,678
Households without children	8,042
Average people per household	2.41

Education (Number of people who have achieved the following levels of education)

No high school	1,054
Some high school	7,820
Some college	4,649
Associate degree	898
Bachelors degree	3,665
Graduate degree	Not available

Income/Financial

Average household income	$57,528
Median household income	$37,913
Median income under 25	$15,389
Median income 25-44	$43,043
Median income 45-64	$43,417
Median income over 65	$32,188

Housing occupancy

Housing units	12,493
Occupied housing units	10,720
Owner occupied units	4,155
Renter occupied units	6,565
Median housing costs per month	$860
Median gross rent per month	$949

Housing by year built

Year built median	1965
Built before 1939	431
Built between 1940 and 1949	1,887
Built between 1950 and 1959	3,115
Built between 1960 and 1969	1,702
Built between 1970 and 1979	1,062
Built between 1980 and 1989	476
Built between 1990 and 1999	981
Built between 2000 and 2009	2,275
Built after 2010	564

Housing mortgage situation

Houses with mortgage	1,585
Houses without mortgage	2,570
Median value with mortgage	$150,700
Median value without mortgage	$90,800

Demographic data shown in this section was gathered from the 2019 American Community Survey and is deemed reliable but is not guaranteed. No representation, guarantee or warranty is made as to the accuracy or completeness of information modified or aggregated for specific neighborhoods and/or zip codes.

P2#347213175

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Information is deemed to be correct but not guaranteed.