Nestled in the heart of Montrose, this property contains 16 apartments [8 one bedroom units and 8 studios]. Situated minutes from Houston’s Downtown and Galleria areas. The subject property’s submarket is currently outperforming the greater Houston market and is exhibiting strong fundamentals. This offering is a wonderful opportunity for investors seeking a property requiring mostly a cosmetic update in order to maximize its net operating income. Residents enjoy easy access to upscale dining, shopping, and cultural attractions. Asbestos testing has been conducted showing no presence of this substance. Seven leases are month to month. The remainder of the leases end in less than one year. Water & gas are master metered. Tenants pay for their own individual electricity usage. Recent renovations involving the inside units and roof were conducted in 2017. Contact listing agent for additional information & for all supporting documentation including a property condition assessment report.