For Sale

$799,999

HIGHLIGHTS:
  • Active
  • $11,381/month
  • 39 DOM
  • 2 Stories
  • 0 Beds
  • 6,428 SqFT
Description

Presenting a prime investment opportunity in Houston's vibrant Lawndale - Wayside neighborhood, this partially renovated 8-unit multifamily complex at 5609 Leeland Street offers immediate rental income with all units currently 100% leased. Property Highlights include six 1/1 and 2 2/1. Recently renovated. Situated minutes from Interstate 45 and downtown Houston, residents have convenient access to the University of Houston, dining, shopping, and entertainment options The property operates as a fully leased asset. With 1-bedroom units renting at approximately $884 per month and 2-bedroom units at higher rates, reflecting the area's rental market. This well-maintained, income-producing property offers investors a stable return and potential for future appreciation in a sought-after Houston location.

Overview
  • MLS Number: 7247516
  • Type: Multi-Family - 5 Plus
  • Bedrooms: N/A
  • Bathrooms: N/A
  • Garages: N/A
  • Size: 6,428 SqF
  • Land Size: 7,500 sqft
  • Year Built: 1950
Financial
Price:
$799,999
Price/SqFT:
$124.46
HOA Fee:
Tax Rate:
2.24236 %
Est. Monthly:
$11,381 *
Tax Amount:
$17,939
Amenities and features
Property & Schools on Map
Floor plans / Dimensions / Descriptions
  • Heating:
    Central Electric
    Cooling:
    Central Electric
  • Roof:
    Other
Documents

Listed By:
David Gutierrez

Prime Realty Group

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