Welcome to St. George Apartments! This 35-unit apartment consists of 31 x studios, and 4 x one-bedroom units. The property is a turn-key asset that has seen extensive remodeling over the last decade functioning like a new-build, with low overhead. The property has debt that has the potential to be assumed, with three years remaining on the term, at a rate significantly lower than current quotes. Uniquely, all of the units are heated through electric baseboard heat, paid for by the individual residents. This has an immediate positive impact on the NOI, as there’s no boiler, or associated Center Point Energy gas/heat bill. This is a great opportunity to add a classic, turnkey brownstone to your portfolio!
Listed by Paul Begich of DRG

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Property Details of 137 E 17th Street, Steven's Square - Loring Heights

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  "Based on information submitted to NORTHSTAR as of June 5, 2023 6:09 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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