4749 Reed road, is a 25 unit Hotel Positioned in an expanding area of Houston that is experiencing franchised business increase and redevelopment.
The acquisition also comes with a 5000 sq ft Commercial Property that is a retail strip that needs renovation, making the deal even more attractive to prospective buyers.
All in All, the entire property has the ability to be a Million dollar property after renovations, upgrades and added value, though, in it's current state the property is still generating a Net Operating Income of $86,000.
Houston Texas, has recently been deemed one of the top 10 cities in the U.S. for Commercial investments and most recently Forbes listed the Texas city as the #1 Coolest cities in the United States to live attributing this to entertainment, arts and culture, restaurants and bars, median age and employment stats.
As one of the few cities experiencing a growth in employment, Houston added almost 90,000 jobs between May 2011 and May 2012
Interested investors or investment companies are encouraged to visit:
http://www.njufinvestments.com/
