Have a multifamily property you’d like to sell?  Contact us.  We’re always looking to buy. Our deals page has more info about the criteria we look.  What we love is inner loop, larger multifamily. Specifically 77098, 77006, 77019 zipcodes.

We’re looking to increase our maintenance staff in preparation for our new properties.  Qualifications include:

• Living near the Montrose area.
• Having your own (reliable) transportation. Truck is best (for supply runs) but not required.
• Have your own (basic) tools.  We have most ‘uncommon’ tools (paint sprayers, large pluming snakes, etc.)
• Work required ranges from painting to light plumbing/electrical, to appliance installation, to flooring.
• Ability to keep busy and problem solve on your own.

If you feel you’re qualified, drop us a note.  Tell us a bit about your qualifications and expected pay.

Our friend Gus at Swamplot just posted a story about what might happen to the property at 3400 Montrose.  We’re not afraid to admit we’ve had a crush on this building for some time.  While we’re extremely jealous about someone else being the ones to take on this project, we’re just happen to see someone taking the leap.

We analyzed this building and while we think it’s a great project to take on, it would require massive liquidity to buy and renovate.  It’s not a project for the faint of heart, but we’re impressed someone saw what could be and will take the risk.

So are the new owners crazy?  Let us know what you think.

From Nancy Sarnoff from Houston Chronicle comes information about Houston’s inner loop and the massive amount of apartments coming on line.  As owners, we welcome the new properties. We feel that the supply will bring new demand and the demo looking at a brand new large “class A” property is different that those looking for a small vintage property — typically tucked away on a side street.  For the most part, these new properties are replacing run down buildings and making a positive impact on the neighborhood.

Disagree?  Let us know.

This came out a few years ago, but Montrose was named one of the top 10 neighborhoods in the US by the American Planning Association.  The Houston Chronicle ran a nice report about the designation. The photo below links to the Wikipedia page on Montrose

Got questions?  We got answers.  We’re trying to put together a list of our most asked questions.  From “Will you guys buy my place?” to “Can you give me tips on how I find an apartment in Montrose?”.   See our new FAQ page.

If you have a question that’s not on there, you can contact us or just leave a question for us right on the page.

We continue to work to a pace of one new property acquired every other month.  Our newest property is at 4315 Jack St.  It’s a 10 unit.  It’s pretty ugly right now (IMO) but it’s in Montrose next to a lot of very nice stuff — including the large Post project being built right up the street on the corner of Jack and Richmond. Our plans are to repaint the exterior, upgrade the units, and do our best to improve the whole end of that block.

This property isn’t far from the triplex we sold at 4204 Jack St. 

The picture below is right as of the purchase date — i.e., it’s still ugly.  Visit this buildings property page for some upcoming “after” shots

QUICK LINKS:

Looking to apply for an apartment or home? Visit our application page
Interested in the apartments or homes we have for rent?  Visit our Rentals page
Current tenant wanting to log into our tenant portal? Visit our Tenant site
Want to see where our properties are? View our map

Texas real estate law requires all real estate licensees give the following information: Information About Brokerage Services and Texas Real Estate Commission Consumer Protection Notice

Stories below are a running assortment of news from Fat Property

We’ve acquired a new property in Montrose.  A cute 9 unit at 1424 Marshall St., Houston TX 77006  The building features gated entry, off street parking.  There are 6x 1 bedrooms and 3x studios. Upgrade plans for the property include upgrading most of the 1 bedrooms to central air, painting the exterior of the property, upgrading the interiors, and some light landscaping.

This triplex located at 4204 Jack St, Houston TX 77006 was purchased about a year ago. When we purchased, it was a boarded up, abandoned empty mess that needed gobs of work.  This was the first major interior remodel we did to an older property. The company owner still has the iron window weights used to help get the windows up and down.

We hate to sell a property, but sometimes we do when it makes economic sense.  The sad reality of the current state of financing will often help shape our movements. In the case of Jack, it was a property we had a lot of equity in — having bought it while boarded up and abandoned.  We turned it around into something we could be proud of.  With nothing left to do to it, it was time to let her go.

The new owner takes on a nice property.  All units have been heavily upgraded.  New appliances, cabinets, refinished flooring.  Central AC was added to those units without. New water heaters were installed, and much much more.

Bye Jack.  We’ll miss you.