922 Boros Drive, Houston TX

Multi-family for Sale - $1,095,000


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Agent Info

NameTony Roubik
CompanySperry Van Ness

Property Info

CIMLS #970171
Location922 Boros Drive
Houston TX 77024
Last UpdatedNovember 29th, 2017
TypeMulti-family
Price$1,095,000

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Property Description

Outstanding rare opportunity to acquire single family residential income property in one of the most exclusive and sought after communities in the greater Houston market. This property has been appreciating at double-digit rates for the past five years and the demand has been increasing every year while the supply is fixed. The underlying property value appreciation rate combined with the NOI being generated from rental income combine to offer an outstanding investment opportunity with a high confidence factor regarding future appreciation and a very low risk factor. Over the past five years this combination has yielded an annual unleveraged ROI in excess of 20%.

Location Description:

Idyllic private freestanding home situated on a generously sized 12,481 sq. ft. lot located in the prestigious City of Hunters Creek Village, one of six independent Memorial Villages clustered together just west of the Uptown Houston/Galleria district of Houston. Each of these six villages is an autonomous political entity with its own mayor, city council, police and fire departments and are clustered together to form one of the most exclusive and desired residential communities in the greater Houston area. The Memorial Villages area is located centrally to all of the major employment, medical, shopping, and entertainment centers in the greater Houston market as well as equi-distant to the two major airports serving Houston. All the very best that Houston has to offer is very conveniently accessible. This is Houston's version of 'beach-front' property!

Highlights:

>> Rare opportunity to acquire investment property in one of Houston's most sought-after residential communities.

>> Long history of double-digit annual property appreciation rate.

>> Attractive and low-risk cash flow from rental income.

>> Annual unleveraged ROI in excess of 20% over the past 5 years.

>> Stays 100% occupied.

>> Easy to manage.

>> Excellent 1031 Exchange supplementary property.

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