612 W Texas Ave

OLD RVR-WNFRE, TX 77520

Contract pending

Listing ID: 165882
Call for Pricing
For Sale
  • Lot Size Acres 0.800
  • Building Sq Ft 24,650
  • Land Sq Ft 34,848
Description

The 612 Lofts Apartments is a loft apartment community located in the Baytown submarket of Houston, Texas. The vintage building was originally built for Culpepper Furniture Co in 1954. In the 1980's, it became Hefner's Fine Gifts & China. Per HCAD, in 2018 the asset was transformed into an upscale rental loft apartment building, known as 612 LOFTS. All lofts are located on the 2nd floor and assigned garage parking is provided. The owners installed all new interior walls, new electrical and plumbing, new roof, a/c, granite countertops, appliances, etc. The interior finishes are Class A, in the opinion of the Broker! Residents enjoy ample amenities which include: mini-blinds, ceiling fans, laundry facilities, walk-in closets. Per owner, 100% of the interior walls are 5/8" drywall (not 1/2"). The "world's best roof" was installed at an all-in cost over $200,000. It's a Duro-Last pvc roof backed by a 15 year warranty against leaks (including standing water warranties). There are steel studs and concrete block on ground floor (no wood framing on ground floor), preventative termite treatment was applied around the full perimeter during construction. There is 100% new mechanical, electrical and plumbing which complies with 2009 energy codes and 2009 international building codes. Goodman HVAC's were installed along with full Frigidaire appliances packages. And the tenants have assigned parking. Per ADS Online, currently there are no reported leasing concessions.


The owners are in the construction business and have extensively updated this "One of a Kind" building into one with Class A interiors. The broker feels that an interior designer could vastly improve the office and the interior hallways!


This property is ideal for a small investor! Just 3 or 4 more leases will make this much easier to put long term non recourse financing in place!


A Confidentiality Agreement must be signed in order to receive financial documents.

Attachments & Files
Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population11,60052,18576,084
Population Median Age333435
Population by Age0-9 Yrs2075 (17%)8633 (16%)12387 (16%)
10-19 Yrs1734 (14%)7192 (13%)11023 (14%)
20-29 Yrs1739 (14%)8479 (16%)11842 (15%)
30-39 Yrs1705 (14%)7686 (14%)10505 (13%)
40-49 Yrs1507 (12%)6134 (11%)8957 (11%)
50-59 Yrs1307 (11%)5648 (10%)8723 (11%)
60-69 Yrs814 (7%)4572 (8%)6873 (9%)
70+ Yrs718 (6%)3840 (7%)5774 (7%)
Median HH Income$43,500$50,406$54,583
Total Household Income< 24K1225 (32%)4669 (25%)6165 (23%)
25-49K913 (24%)4290 (23%)5848 (22%)
50-74K821 (21%)3665 (20%)5040 (19%)
75-99K353 (9%)2148 (11%)3329 (12%)
100-199K423 (11%)2763 (15%)4651 (17%)
200K+31 (0%)515 (2%)989 (3%)
Highest Education LevelNo Diploma2539818110848
Diploma or GED1976833212200
Some College1442777411833
Assoc. Degree48934424733
Bachelors Degree27527934539
Higher Degree7211752039
Total Housing Units4,38020,47329,250
--Owner-Occupied2,1168,54913,992
--Renter-Occupied1,6519,50212,031
Owner-Occupied Values< 100K178146486580
100-199K27829955243
200-299K516361447
300-399K0165429
400-499K0571
500K+699222
Total Working Age Population8,40638,73756,738
In Work Force5,22824,72936,048
Not In Work Force3,17714,00820,690
Workforce Employed4,66322,19332,358
Workforce Unemployed5652,5133,659
Civlian Workforce5,22824,70536,017
Military Workforce02431
Total Households3,76618,05026,022
Family Households2,69411,90318,160
Non-Family Households1,0726,1477,862
Married Couple1,6547,40311,501
Other Family1,0404,5006,659
Married w/Child7993,6305,436
Single Male w/Child2288791,112
Single Female w/Child3561,6302,543

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Texas20,851,820+2125,145,561+1829,677,668+1834,894,452
Chambers County26,031+3535,096+2142,320+2452,605
Harris County3,400,578+204,092,459+224,978,845+195,924,750

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Directions
Listing Agent
Tom Wilkinson Agent Photo

Tom Wilkinson

KET Enterprises Incorporated
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