Conceptual Rendering
Houston, TX · Airbnb Development
Reed Complex
Duplex Portfolio — Investor Overview
12 units · ≈1 acre · 5 miles from downtown Houston · Target 16.9% annual return
Deal Snapshot
A rare infill site, priced to move.
5 mi
From downtown Houston
≈1 ac
Empty land near Texas Medical Center
$249K
List price vs. $547,534 county-assessed value
12 Units
Airbnb rental portfolio
5-Yr Hold
Investment horizon
The Site
42,118 SF, flat and ready.
- Parcel 258′ × 162′
- Address Medical Center South, TX 77051
- Lot size 42,118 SF
- Flood zone Zone X — outside flood-plain
- Utilities All available
- Subdivision 6 lots
- HOA None
The Plan
Approximately 1,250 SF per unit · 2,500 SF per duplex.
Building Details
Inside the Duplex
Development Timeline
Three phases to full build-out.
Phase 1
Land & Planning
$350K
Phase 2
Underground
$120K
Phase 3
Construction
$2.42M
This Raise
$350K
Phase 1 Funding Breakdown
$250K
Land Acquisition
$100K
Planning & Permitting
100% cash, no debt — part of a $2.89M total project basis.
Investment Strategy
Airbnb rental from day one.
$240
Average nightly rate
65%
Occupancy
$683K
Gross revenue / year
Target 16.9% annual return on invested capital.
Projections are estimates based on current assumptions and are not guaranteed. See full disclaimer below.
Property Gallery
The site today.
Investment
$350,000
Phase 1 · Part of a $2.89M total project basis
Current Raise
$350,000
Purpose
Land acquisition and planning
Land & Planning
$250,000
Infrastructure & Building
$2,640,000
Total
$2,890,000