FOR SALE 1612 Sampson St - Asterra Properties · 1612 Sampson St FOR SALE 9 Townhouse Development...
Transcript of FOR SALE 1612 Sampson St - Asterra Properties · 1612 Sampson St FOR SALE 9 Townhouse Development...
1612 Sampson StFOR SALE9 Townhouse Development Site
Houston, TX 77003
Asterra.com3305 Steck Ave. Suite 250, Austin, TX 78757
Tim Howard512.909.3590
PROPERTY DESCRIPTIONProperty:Sampson & Leeland is a yet-to-be-completed 9-unit townhouse development just a few minutes from the Houston CBD. The development was started in 2017 and is now waiting for a talented builder to take the project over and see it through to it’s completion. The larger lot has already been subdivided such that each townhouse sits on it’s own unique parcel. Of the Nine (9) units to be built on the site, Four (4) exist in a shell condition with the remainder to be started.
Development:Unit 1 is the most complete and sits on the left-most side of the property. The unit, pictured on the front page, is around 80% complete with kitchen cabinets and bathrooms already installed. Units 2, 3 use the same floorplan but are less than 50% complete. While Unit 4, on the right-hand side of those currently standing is in a shell condition with plywood still exposed in some places.
Valuation:The latest government appraisal for the units at Sampson & Leeland shows that each townhouse is valued at $455,000 USD. Recent comps within 3 blocks of the location have sold for $350-$400 / sf.
Asterra.com3305 Steck Ave. Suite 250, Austin, TX 78757
Tim Howard512.909.3590
LISTING DETAILSPrice: $1,500,000
Property Type: Multifamily, Development
Subtype: Townhouses
Sale Type: Investment
Square Footage: 2,400 - 2,820 SF
Units: 9
Beds: 3
Pads: 5
Lot Size (SF): 1,650
Parking (Per Unit): 2
Very Close to Downtown Houston Original Plans Convey With Purchase
3 Units Close to Completion Site Plan Maximizes Buildable SF
INVESTMENT HIGHLIGHTS
Prime investment opportunity to develop nine townhouses in the sought-after East Downtown neighborhood of Houston. Property was previously marketed as individual units. Ownership would prefer a bulk sale right now. If not sold by mid Q1, 2020, we will complete and sell individually.
Asterra.com3305 Steck Ave. Suite 250, Austin, TX 78757
Tim Howard512.909.3590
DEMOGRAPHICS
1 MILE 3 MILES
Total Households: 6,099
Total Population: 15,159
Average HH Income: $49,200
Total Households: 66,725
Total Population: 169,639
Average HH Income: $57,546
DISCLAIMER: The information contained herein has been obtained from sources deemed reliable, but has not been verified and no guarantee, warranty, or representation, either express or implied, is made with respect said information. All information contained herein should be independently verified; Agent assumes no legal responsibility for the accuracy thereof. The offering is made subject to errors, omissions, change of price, prior sale or lease, or withdrawal without notice. In accordance with the law, this property is offered without regard to race, creed, national origin, disability or gender.
Projected population growth of 5+% in the next five years.
Asterra.com3305 Steck Ave. Suite 250, Austin, TX 78757
Tim Howard512.909.3590
Valley Vista152 Lots
LOCATION1612 Sampson is just over 1 mile from Discovery Green in the center of Houston’s downtown core. The development is in the neighborhood of East Downtown. The top-floor patio of each townhouse features panoramic views of the Houston skyline. While traveling to work in the city is just 6 mins driving, 13 mins cycling and 25 mins on foot. The closest Metro rail stop is within site of the front door and leaves every 12-13 mins for the Convention District station.
Kroger
Taco Keto
Mandola’s Deli
Church’s Chicken
Family Dollar
Bohemeo’s
Alfred’s Burger House
Jack in the Box
Taqueria Monchys
Texas Tacos and BBQ
St. Joseph Medical Center
8th Wonder Brewery
Brothers Taco House
+ More
1) 2) 3)
Asterra.com3305 Steck Ave. Suite 250, Austin, TX 78757
Tim Howard512.909.3590
PHOTOS - EXTERIOR
Asterra.com3305 Steck Ave. Suite 250, Austin, TX 78757
Tim Howard512.909.3590
PHOTOS - INTERIOR
Asterra.com3305 Steck Ave. Suite 250, Austin, TX 78757
Tim Howard512.909.3590
PHOTOS - INTERIOR
Asterra.com3305 Steck Ave. Suite 250, Austin, TX 78757
Tim Howard512.909.3590
PHOTOS - INTERIOR
Asterra.com3305 Steck Ave. Suite 250, Austin, TX 78757
Tim Howard512.909.3590
Aste
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3305
Ste
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ve. S
uite
250
, Aus
tin, T
X 78
757
Eq
ual H
ousi
ng
Opp
ortu
nity
Info
rmat
ion
Abo
ut B
roke
rage
Ser
vice
s Te
xas
law
requ
ires
all r
eal e
stat
e lic
ense
es to
giv
e th
e fo
llow
ing
info
rmat
ion
abou
t br
oker
age
serv
ices
to p
rosp
ectiv
e bu
yers
, ten
ants
, sel
lers
and
land
lord
s
11/2
/201
5
TYPE
S O
F RE
AL E
STAT
E LI
CENS
E HO
LDER
S:
• A
BRO
KER
is re
spon
sible
for a
ll bro
kera
ge a
ctivi
ties,
inclu
ding
act
s pe
rform
ed b
y sa
les
agen
ts s
pons
ored
by
the
brok
er.
• A
SALE
S AG
ENT
mus
t be
spon
sore
d by
a b
roke
r and
wor
ks w
ith c
lient
s on
beh
alf o
f the
bro
ker.
A BR
OKE
R'S
MIN
IMUM
DUT
IES
REQ
UIRE
D BY
LAW
(A c
lient
is th
e pe
rson
or p
arty
that
the
brok
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pres
ents
): •
Put t
he in
tere
sts
of th
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bove
all o
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s, in
cludi
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e br
oker
's ow
n in
tere
sts;
•
Info
rm th
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ent o
f any
mat
eria
l info
rmat
ion
abou
t the
pro
perty
or t
rans
actio
n re
ceive
d by
the
brok
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• An
swer
the
clien
t's q
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ions
and
pre
sent
any
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or c
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rom
the
clien
t; an
d •
Trea
t all p
artie
s to
a re
al e
stat
e tra
nsac
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hone
stly
and
fairly
. A
LICE
NSE
HOLD
ER C
AN R
EPRE
SENT
A P
ARTY
IN A
REA
L ES
TATE
TRA
NSAC
TIO
N:
AS A
GEN
T FO
R O
WNE
R (S
ELLE
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NDLO
RD):
The
brok
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ecom
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ty o
wne
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gent
thro
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gree
men
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th
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An o
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min
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abov
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d m
ust in
form
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owne
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form
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out t
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know
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form
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to th
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agen
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AS A
GEN
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TENA
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A bu
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inim
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and
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AS A
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INTE
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act a
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bet
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the
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as
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term
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bro
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ho a
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as a
n in
term
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ry:
• M
ust t
reat
all p
artie
s to
the
trans
actio
n im
parti
ally
and
fairl
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• M
ay, w
ith th
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rties
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sent
, app
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a d
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ense
hol
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ssoc
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to e
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party
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uyer
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com
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and
adv
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, and
car
ry o
ut th
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stru
ctio
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f eac
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the
trans
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• M
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s sp
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ally
auth
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to d
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by
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party
, disc
lose
: •
that
the
owne
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acce
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pric
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ss th
an th
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ritte
n as
king
price
; •
that
the
buye
r/ten
ant w
ill pa
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price
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price
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a w
ritte
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and
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nfid
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or a
ny o
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that
a p
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spe
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stru
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the
brok
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writ
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unle
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AS S
UBAG
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A lic
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a b
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in a
tran
sact
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with
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n ag
reem
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o re
pres
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buye
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suba
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can
ass
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yer b
ut d
oes
not r
epre
sent
the
buye
r and
mus
t pla
ce th
e in
tere
sts
of th
e ow
ner f
irst.
TO A
VOID
DIS
PUTE
S, A
LL A
GREE
MEN
TS B
ETW
EEN
YOU
AND
A BR
OKER
SHO
ULD
BE IN
WRI
TING
AND
CLE
ARLY
EST
ABLI
SH:
• Th
e br
oker
’s du
ties
and
resp
onsib
ilitie
s to
you
, and
you
r obl
igat
ions
und
er th
e re
pres
enta
tion
agre
emen
t. •
Who
will
pay
the
brok
er fo
r ser
vices
pro
vided
to y
ou, w
hen
paym
ent w
ill be
mad
e an
d ho
w th
e pa
ymen
t will
be c
alcu
late
d.
LICE
NSE
HOLD
ER C
ONT
ACT
INFO
RMAT
ION:
Thi
s no
tice
is be
ing
prov
ided
for i
nfor
mat
ion
purp
oses
. It d
oes
not c
reat
e an
ob
ligat
ion
for y
ou to
use
the
brok
er’s
serv
ices.
Ple
ase
ackn
owle
dge
rece
ipt o
f thi
s no
tice
belo
w a
nd re
tain
a c
opy
for y
our r
ecor
ds.
A
ster
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esid
entia
l d/b
/a A
ster
ra P
rope
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5907
75
info
@as
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.com
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