Nan & Company Properties Acquires 9-Unit Multifamily In Houston For $1.1M

Partners Real Estate has successfully facilitated the sale of a 9-unit Single Family Rental Portfolio located in Spring Branch, one of the fastest-gentrifying submarkets in Houston. The property, located at 1736 Crestdale Dr., sold at full asking price in just 64 days from the list to close date. The sale price for this multifamily asset was $1,100,000. The property consists of 9 units, with a price per unit (PPU) of $122,222. The total square footage (SF) of the property is 8,530, with a price per square foot (PPSF) of $129.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,100,000
• Units: 9
• Price Per Unit: $122,222
• Square Footage: 8,530
• Price Per Square Foot: $129
• Address: 1736 Crestdale Drive, Houston

Alex Aronds of Partners acted as the seller's representative, while Victoria Luo of Nan and Company Properties represented the buyer in this smooth transaction.