For Sale

$715,000

HIGHLIGHTS:
  • Active
  • $9,979/month
  • 70 DOM
  • 1 Stories
  • 0 Beds
  • 5,549 SqFT
Description

Here’s your chance to own a 7-unit apartment complex in a thriving, up-and-coming area in the heart of Houston, Texas! Located just minutes from the Medical Center and Downtown Houston, this property offers both convenience and high demand. Six out of the seven units are currently occupied on 1-year leases, ensuring immediate rental income. This property sits on a spacious 12,600 SQFT lot with new developments right next door and behind, this property holds significant potential for appreciation. Each unit features a 2-bedroom, 1-bath configuration, and all units were updated with new mini-split HVAC systems in July 2023. The complex is also fully equipped with seven individual electrical and gas meters for streamlined management. Don’t miss out on this fantastic investment opportunity in Houston’s growing market!

Overview
  • MLS Number: 49580925
  • Type: Multi-Family - 5 Plus
  • Bedrooms: N/A
  • Bathrooms: N/A
  • Garages: N/A
  • Size: 5,549 SqF
  • Land Size: 5,238 sqft
  • Year Built: 1956
Financial
Price:
$715,000
Price/SqFT:
$128.85
HOA Fee:
Tax Rate:
2.01481 %
Est. Monthly:
$9,979 *
Tax Amount:
$14,406
Amenities and features
Property & Schools on Map
Floor plans / Dimensions / Descriptions
  • Floors:
    Laminate
    Countertop:
    Granite
    Heating:
    Central Electric
    Cooling:
    Central Electric
    Dishwasher:
    No
    Disposal:
    No
    Compactor:
    No
    Microwave:
    No
  • Roof:
    Wood Shingle
    Exterior Type:
    Brick
    Lot Description:
    Other
    Parking Unit:
    Two
    Parking:
    Driveway Gate
    Front Door Face:
    North

Listed By:
Jason Saphire

HomeZu.com of Texas

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