For Sale

$475,000

HIGHLIGHTS:
  • Active
  • $4,905/month
  • 43 DOM
  • 2 Stories
  • 0 Beds
  • 3,928 SqFT
Description

Income-producing Fourplex strategically located near IAH Airport, employment centers, shopping and dining. This low-maintenance investment offers immediate cash flow with additional value-add potential. Approximately $210,000 in repairs and upgrades were completed in 2020, including the roof and decking, framing and rafters, fire walls, exterior sheathing and siding, attic insulation, HVAC, electrical, kitchens, bathrooms and interior finishes. Four identical 2-bedroom, 2-bath floor plans simplify leasing, maintenance and turnovers. Each unit includes private laundry hookups and two dedicated parking spaces. Professional property management is already in place, providing a smooth transition for the next owner. Future upside may be achieved through updated flooring, paint, fixtures, kitchens, bathrooms and curb appeal in other units. NO HOA! Well-suited for a long-term hold or 1031 exchange. Property is being sold AS-IS.

Overview
  • MLS Number: 63743564
  • Type: Multi-Family - Fourplex
  • Bedrooms: N/A
  • Bathrooms: N/A
  • Garages: N/A
  • Size: 3,928 SqF
  • Land Size: 8,385 sqft
  • Year Built: 1984
Financial
Price:
$475,000
Price/SqFT:
$120.93
HOA Fee:
Tax Rate:
0 %
Est. Monthly:
$4,905 *
Tax Amount:
$0
Amenities and features
  • Energy Efficient
Property & Schools on Map
Floor plans / Dimensions / Descriptions
  • Floors:
    Tile
    Heating:
    Central Electric
    Cooling:
    Central Electric
    Disposal:
    Yes
    Dishwasher:
    Yes
    Energy Feature:
    Ceiling Fans,Digital Program Thermostat,Energy Star/CFL/LED Lights,High-Efficiency HVAC
  • Roof:
    Composition
    Exterior Type:
    Brick,Cement Board
    Parking:
    Paved Area
    Parking Unit:
    Two

Listed By:
Terin Varghese

Rasha Realty, LLC

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