Menu
Property Documents
View documents for this listing such as the Offering Memorandum (OM) and Rent Roll by clicking the button below!
Description
Capstone is pleased to present Norma’s Plaza Apartments, a well-maintained, 80-unit affordable income housing project constructed in 2004. This garden-style apartment property is positioned in the Sunnyside neighborhood of Houston and is currently achieving rent premiums significantly below the maximum allowable rents in the area. Positioned in a submarket with a scarcity of non-age-restricted affordable housing inventory, this asset offers both immediate and long-term financial benefits to a savvy investor looking to expand their portfolio in the heart of Houston’s MSA.
Investment Highlights:
LIHTC Property with Low Basis
Current Rents Below Maximum Allowable
Limited Non-Age Restricted Affordable Housing in the Submarket
Address
Open on Google Maps- Address 7526 Martin Luther King Blvd
- City Houston
- State/county Texas
- Zip/Postal Code 77033
Contact Information
Similar Listings
