For Sale
116 Frawley St Houston, TX 77009
$399,000
Description
Excellent investment opportunity, combining both a single-family home and three separate rental units. Main Home: 2 beds / 1 bath, currently rents for $1,250/month. Apartments: Three 1 bed / 1 bath units, each rented separately. Total Rental Income is $3,950/month main home & all three units combined Electric Separate meters for the main house and garage apartments. Tenants of the main home pay their own electricity, while the owner covers utilities for the garage apartments. The area is currently undergoing gentrification, with increasing property values, new construction, and charming homes being built in every direction.This property is close to major highways (I-45, 610, I-10, Hardy) & within walking distance of White Oak Music Hall, providing convenient access to entertainment. This property could be a solid long-term investment with existing cash flow & potential upside in utility bill backs, plus the added benefit of being in an appreciating neighborhood. 24hr Notice required.
Overview
Financial
Price:
$399,000
Price/SqFT:
$150.96
HOA Fee:
Tax Rate:
2.01481 %
Est. Monthly:
$5,578 *
Tax Amount:
$8,039
Amenities and features
Controlled Subdivision
Property & Schools on Map
Floor plans / Dimensions / Descriptions
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InteriorFloors:Tile,WoodHeating:Central GasCooling:Central ElectricCompactor:No
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ExteriorRoof:OtherParking:Driveway GateAccess:Driveway GateFront Door Face:North
Listed By:
Sheryl Davis
Brombacher & Co.
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