12-Unit Airbnb Portfolio- Houston, TX

4948 Polk Street, Houston, TX, USA

Sands Investment Group is pleased to exclusively present the Polk Street 12-Unit Multi-Family Portfolio for sale — a fully renovated, 12-unit short-term rental asset consisting of a neighboring 10-plex and duplex.

This turn-key Airbnb portfolio offers strong, stable cash flow with significant upside potential to increase NOI. The property has consistently achieved over 85% occupancy and is ideally located just 2 miles from downtown Houston and 5 minutes from the University of Houston. Top-tier amenities, including shopping centers, restaurants, hospitals, and major universities, surround the area.

With over $300,000 in recent renovations, this portfolio is truly turn-key and ready for immediate operation. It presents a flexible investment opportunity with multiple investment strategies — including short-term rental, mid-term rental, student housing, or semi-annual rental — offering both stability and growth potential for the next owner.

LOCATION HIGHLIGHTS

  • Texas Medical Center: Houston is home to the largest medical center in the world.
  • Downtown Houston: Prime location, only 2 miles from downtown Houston.
  • Major Highways: Quick connections to 1-45, 1-10, and the Inner Loop 1-610 for convenient commuting.
  • Area Highlights: Close proximity to popular shopping centers, restaurants, stadiums, universities, and hospitals.

INVESTMENT HIGHLIGHTS

  • Offering Seller-Financing: This opportunity is being offered with attractive seller-financing terms.
  • Multiple investment strategies: The new owner can choose between continuing as a short-term rental, mid-term rental, and student housing rental options.
  • Revenue Potential: Strong and stable revenue potential through effective marketing and operations.
  • Strong Demographics: 140,827 households within a 5-mile radius, with an average household income of $83,208.

KEY FEATURES

  • Renovated Interiors/Exteriors: Brand new roof on the 10-plex and duplex: renovated interiors on all 12 units.
  • Amenities: Outdoor patio and shared common areas consisting of a landscaped courtyard, outdoor lighting, a lounge area, and picnic tables.
  • Parking: Private and ample parking spaces for all tenants.
  • Laundry: Shared laundry facilities for all tenants.

PREMIER SHORT-TERM RENTAL INVESTMENT OPPORTUNITY

  • Houston is home to the largest medical complex in the world, the renowned Texas Medical Center, featuring 21 hospitals and a robust healthcare ecosystem. This major medical hub attracts a high volume of travel nurses and medical professionals, creating strong demand for short-term housing options.
  • This property is ideally positioned to capitalize on Houston’s booming Airbnb and short-term rental market. According to Airbnb.com, Airbnb hosts and guests in Houston contributed an estimated $1.6 billion in GDP to the local economy, highlighting the strong demand and income potential in this sector.
  • According to Houstonfirst.com, “Houston has over 51 million visitors annually and is a popular destination for conventions as a center for domestic and international business.”

FULLY FURNISHED, TURN-KEY ASSET

  • Local Airbnb “superhost” property manager in place.
  • Recent renovations include new roofs on the duplex and 10 plex, roof repair, and general repairs to laundry facilities, updated lighting package throughout the 10-plex, updated bathrooms, and new paint.
  • This portfolio comes fully furnished, saving the new owner time and money.
  • No deferred maintenance!

 

In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BoR: Max Freedman – Lic. TX #644481

Price

$2,200,000

Cap Rate

6.99%

PREMISES

0.55 Acres

BROKERS

Andy Jones
Fort Lauderdale

List with SIG

Tap into the expertise of brokers who specialize in your property type.

Get In Touch