La Fiesta Apartments is a 60- unit multifamily community located in Channelview TX, a Southeast Houston suburb in Harris County. La Fiesta Apartments has a historical occupancy over 90% and provides the opportunity for a new buyer to execute a renovation plan and bring the rents to market. Tenants have easy access to major employment hubs throughout the greater Houston area and various national credit retail stores. Situated on 3.12 acres, the garden-style property is comprised of 5, two story buildings with some units being townhome style units. The property also benefits from an on-site laundromat providing a key component for tenants.
La Fiesta Apartments is located off Market St and Interstate I10 East. The property is also within less than half a mile from Woodland Acres Elementary & Woodland Acres Middle School with easy access to the Port of Houston and excellent commute times to various work hubs.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
