Description
Eight-unit multifamily investment opportunity consisting of four two-bedroom units and four one-bedroom units. The property received a comprehensive interior renovation in 2023, including new cabinets, flooring, paint, doors, tubs, toilets, and tile throughout the units, providing a solid foundation for continued operation and future improvements. Major capital items have been addressed, with roofs replaced in 2020 and HVAC systems updated in 2019. The property is currently 7 of 8 units occupied, with several long-term tenants in place, supporting consistent in-place income while allowing an investor the ability to implement rent growth and operational improvements over time. This asset presents an attractive opportunity for an investor seeking existing cash flow with value-add potential, supported by recent renovations and updated major systems, while still offering room to further enhance performance
Details
| MLS # | 13524875 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1964 |
| Days On Site | 179 |
| Listing Provided By | Compass RE Texas, LLC - The Woodlands | Christian Reyes |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 5,375 |
| Story(s) | 2 |
| Units | 8 |
| Acreage | 7448.00 |
Exterior
| Lot Features | Cleared, Subdivision |
|---|
Area Information
| State | TX |
|---|---|
| County | Harris |
| City | Houston |
| Zip Code | 77026 |
| Area | 2 |
| Subarea | Northside |
| Community Name | Crane Street Woods Sec 02 |
| Listing VS Median (in Crane Street Woods Sec 02) | |
Price: $750,000 low | high Med: $264,950 sqft: 5,375 low | high Med: 1,428 $ / sqft: $140 low | high Med: $184 On site: 179 low | high Med: 33.5 | |
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Learn More About This Property
| State | TX |
|---|---|
| County | Harris |
| City | Houston |
| Zip Code | 77026 |
| Area | 2 |
| Subarea | Northside |
| Community Name | Crane Street Woods Sec 02 |
| Listing VS Median (in Crane Street Woods Sec 02) | |
Price: $750,000 low | high Med: $264,950 sqft: 5,375 low | high Med: 1,428 $ / sqft: $140 low | high Med: $184 On site: 179 low | high Med: 33.5 | |
