803 Nancy Rose Street

Starting Bid: $625,000
  No hidden reserves. What's this?
No Hidden Reserve

If there is no hidden reserve set for this auction, then the Seller has agreed to sell the property as long as he or she receives the Minimum Bid amount.
Cap Rate: 13.7% What's this?
Cap Rate

Capitalization rate (Cap Rate) is a measure of the ratio between the net operating income produced by the property and its sale price. Because property taxes will adjust based on the final sales price, the Cap Rate can either be current or a future estimate. Please contact the Listing Broker to understand how the Cap Rate is calculated for this property.
Per Unit: $22,321 per unit
Start Time: 10/14/2010 11:00 AM CST
End Time: 10/14/2010 3:00 PM CST
  Or 5 minutes after the last bid. Why?
End Time 5 minutes after the last bid

The Auction Period will end at the specified End Time or 5 minutes after the last bid is entered. This prevents last-minute bidders from winning the auction without giving other bidders ample opportunity to bid.

 

This auction has ended.

 

Property Overview

View Full Property Details
Name: Casa Villa Apartments    
Address: 803 Nancy Rose Street
Houston, TX 77015 		view mapView Map  
Type: Apartment Year Built: 1980
Number of Units: 28 units
Preferred Lender: Sunrise Mortgage    
Highlights:
  • Two-story multi-family property.
  • Built in 1980. Remodeled in 2009.
  • Two buildings.
  • The capitalization rate is based on pro forma NOI.

Thank you

Bids are not accepted at this time.

The Auction will be held October 14, 2010 from 11:00 AM to 03:00 PM.

Please return during that period to place your bid.

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Carole Tam
DRE# 01189968
caroletam@gmail.com
(626) 272-8067

Jeanette Kew
NYT Realty
jk@nytmanagement.com
(713) 283-2963

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