For Sale

$1,600,000

HIGHLIGHTS:
  • Active
  • $16,761/month
  • 42 DOM
  • 1 Stories
  • 0 Beds
  • 8,400 SqFT
Description

CASH COW INVESTMENT OPPORTUNITY 8% CAP RATE. The property consists of 3 buildings 6614, 6618 and 6622 London Street. This property features 12 units, all 2 bedrooms and 1 bathroom, providing excellent marketability. 100% OCCUPIED AND FULLY LEASED. Ample off-street parking for each tenant as well as guest parking. The property thrives due to its proximity to U of H, the Medical Center, Professional Sports teams, and easy access to 288 Fwy. This is truly a turnkey opportunity. Its proximity to major downtown employers attracts young professionals, ensuring a steady demand for rental units. The property is located in an opportunity zone, providing potential tax benefits for investors. The property is ideally located near U of H, TSU, the Medical Center, Downtown Houston, Midtown, Montrose, and more, making it highly desirable for tenants. House hack or invest with ease – this is a TURNKEY property! For details on income please request for reports. DRIVE BY ONLY... DO NOT DISTURB TENANTS

Overview
  • MLS Number: 63246297
  • Type: Multi-Family - Multiple Detached Dw
  • Bedrooms: N/A
  • Bathrooms: N/A
  • Garages: N/A
  • Size: 8,400 SqF
  • Land Size: 15,000 sqft
  • Year Built: 1950
Financial
Price:
$1,600,000
Price/SqFT:
$190.48
HOA Fee:
Tax Rate:
0 %
Est. Monthly:
$16,761 *
Tax Amount:
$0
Amenities and features
Property & Schools on Map
Floor plans / Dimensions / Descriptions
  • Heating:
    Central Electric
    Cooling:
    Central Electric
  • Roof:
    Composition

Listed By:
Jay Thomas

eXp Realty LLC

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