For Sale
11500 Meadow Ln #4 Houston, TX 77477
$450,000
Description
Well-maintained 4-plex in the Stafford submarket offering stable in-place income with strong upside potential. Currently generating $45,600/year with value-add opportunity as rents trend toward market rates. This asset features four spacious ~1,000 SF 2-bedroom units with desirable layouts, private outdoor spaces, fireplaces, and in-unit laundry—driving consistent tenant demand. Recent capital improvements, including 2024 foundation repair with transferable warranty, multiple HVAC updates, and a maintained roof, help reduce near-term expenses. Two long-term tenants provide stability, while below-market rents allow for future growth. Property also qualifies for Section 8 housing, expanding tenant pool and income reliability. HOA covers key expenses for simplified ownership. Contact for financials and additional details.
Overview
Financial
Price:
$450,000
Price/SqFT:
$113.41
HOA Fee:
$600 Monthly
Tax Rate:
2.27166 %
Est. Monthly:
$6,215 *
Tax Amount:
$10,222
Amenities and features
Energy Efficient
Property & Schools on Map
Floor plans / Dimensions / Descriptions
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InteriorFloors:Carpet,Tile,VinylHeating:Central GasCooling:Central ElectricDishwasher:YesDisposal:YesEnergy Feature:Ceiling Fans
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ExteriorRoof:CompositionExterior Type:Brick,Wood
Listed By:
Erica Post
CENTURY 21 Western Realty, Inc
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