For Sale

$895,000

HIGHLIGHTS:
  • Active
  • $12,989/month
  • 36 DOM
  • 2 Stories
  • 0 Beds
  • 7,060 SqFT
Description

Exceptional opportunity to acquire an extensively renovated 11-unit apartment community in the heart of South Houston. The current owner has already invested significant time and capital into major exterior renovations, roof improvements, and HVAC upgrades—allowing the next investor to step into a substantially improved, income-producing asset with limited immediate capital needs. The clearest remaining value-add opportunity is straightforward: increase current rents to market levels. The property offers stable occupancy, strong in-place income, relatively low operating expenses, dedicated parking, efficient utilities, and an attractive courtyard-style layout on a 0.33-acre corner lot. Conveniently located near Downtown Houston, Hobby Airport, SH-225, I-45, major employers, medical centers, and industrial corridors, 911 Michigan St benefits from consistent rental demand and long-term growth potential. The hard work is complete—this turnkey asset is ready for its next investor.

Overview
  • MLS Number: 83270503
  • Type: Multi-Family
  • Bedrooms: N/A
  • Bathrooms: N/A
  • Garages: N/A
  • Size: 7,060 SqF
  • Land Size: 14,200 sqft
  • Year Built: 1966
Financial
Price:
$895,000
Price/SqFT:
$126.77
HOA Fee:
Tax Rate:
2.52531 %
Est. Monthly:
$12,989 *
Tax Amount:
$22,602
Amenities and features
Property & Schools on Map
Floor plans / Dimensions / Descriptions
  • Cooling:
    Central Electric
    Heating:
    Central Gas
  • Roof:
    Other
    Exterior Type:
    Brick,Stone
    Parking:
    Garage Parking

Listed By:
Florencio Villalpando

Keller Williams Summit

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