45 Single Family Properties in the HOT HOT HOT Texas market. All properties are newly renovated with new paint, carpet, fixtures, fans, window treatments,landscaping, and more. All are 3-5 bedrooms, 2-3.5 baths, built from the 1970's-2008, 1616sf-4069sf. Some are leased, others are being marketed for lease. Real estate prices in the Texas market have risen exponentially, rents have exploded, and the job market is the best in the US which means that there are more people than houses available. The forecast is golden for Texas and for investors in Texas!! Package Price-$6,877,710 (average=$61/sf), Gross Annual Return-$844,740 ROI-12.28% Package can be split. Call us today for more information.
The Legacy Apartments is a 70-unit apartment community constructed in 1965 and 1970. The property consists of two separate phases less than a mile from one another on Lockwood Dr. The Legacy Apartments in positioned 2 miles east of Highway 59, less than a mile south of Interstate 610, and 1.5 miles north of Interstate 10. Houston's Central Business District is within 4 miles with over 150,000 employees and 11 Houston Fortune 500 Company Headquarters. The Legacy apartments presents an opportunity to increase rental rates through an interior and exterior renovation program. Surrounding rental comparables are achieving $1.00 to $1.32 per SF in market rents, providing a new owner significant rental upside which are currently $0.96 per SF at the subject. The property is a recent foreclosure.
Price Upon Req.227,011 SF
The current owner completed a $1.8M rehab in 2013. Some of the major expenditures were; Interior Improvements consisting of Leasing Center upgrade, replacement of many appliances and AC's, interior paint and resurfaced counter tops, new faux-wood vinyl flooring in some units, carpet, replacement of some interior lighting fixtures as well as other interior improvements. Exterior Improvements, consisting of Full Paint including Metal, Wood Repair/Replacement, Parimeter Fencing, Landscaping Improvements, New Signage, and Parking and Walkway Repairs and Boiler Replacement. The property has a LURA in place for 158 of the units; of these 80% are 80% of AMI and 20% are 50% if AMI. The expiration date may be in 2020. The current rents appear to be below LURA maximums therefore, the LURA does not affect the properties cash flow. Ask the listing broker for details of the LURA.
Located at 5822 Valley Forge DR, Unit 106 features a beautiful front yard anchored by a majestic oak tree, gas light, manicured lawn and iron gate leading to lovely gated courtyard. The courtyard features a lovely bench, potted plants and leading to the beautiful custom glass paned front door juxtaposed flanked by three oversized windows and a beautiful custom bronze entry door canopy. This exquisite residence opens to a two story entry framed by soaring windows with hardwood floors. Two steps down and you are in a sunken 21' x 14' formal living area featuring a custom brick fireplace with gas logs and an oversized art niche to feature your most treasured painting. The living areas boasts new sumptuous carpeting and has wall-to-wall sliding glass doors opening to the patio. The first floor plan features a full bath and a natural light enfused 11' x 15' bedroom with hardwood flooring and a walk in closet hidden behind a wall of mirrors that make the room feel much larger than it is! Two oversized windows provide exceptional natural light. Depending on your requirements, it makes a great guest/teen suite or is a second private office. Below the stairway is additional storage.
Upscale 3 bedroom 3.5 bathroom three story home that has a great yard and each bedroom has an on suite bathroom. It is in a gated community in a great location by Washington Ave. and Heights Blvd with easy walking access to Porch Swing Pub, J Black's, Buffalo Wild Wings and others. Unique investment opportunity to get an income producing property with a CAP rate of 9% and benefit from extremely strong home value appreciation in the Washington Ave. area. It can be leased for approximately $1.45/ sqft (the home is 2530 sqft) for an annual income of $44,022. Or the owner can live in the home and lease out the other two bedrooms each for $1,300+ per month for an annual income of $31,200. I did this for the past year and a half, the rental income more than paid for the mortgage. Finding responsible tenants or roommates is easy because the Washington Ave area is in demand for many professionals in Houston. Washington Ave is experiencing strong price appreciation with many homes selling for over $210/sqft. This home price of $415,000 is at $164/sqft.
Excellent investment Opportunity for those in multifamily.
Fantastic Investment opportunity. Loads of new construction in the area. New town home are being built next door. Sale includes 2407 Bastrop (16650sp ft) and 2419 Bartrop (4372 sq ft) ,5 buildings 13186 sq ft = 21 units and storage buildings are on these lots as well. Rental rates start at $695/month, all tenants require background checks prior to move in. No felonies. Fully occupied. Parking assigned. Current gross income $14,200 / month. In the process of completion to renovate the buildings prior to closing (see attached list of renovations). There is a model unit that will be available for viewing by November 22. Please do not talk or disturb the tenants in the apartments. Current cap rate is 9.5% Rent could be increased to $850 / month making cap rate 12% Rent was placed lower than market value to get tenants in. See documents for income expense and survey. Please call the listing agent for more details.
Excellent fully leased three story property with established income of $4556/ month. First Floor is leased for NNN with 3% annual increase for 4 yr term and top 2 floors are also occupied. Upper two stories 4bedroom 3full baths, 2 half baths residential income with many upgrades. 3rd floor boasts very large continous room giving the amenities of Media room, Game room and a guest bed room with full bath. Shaft built out for elevator.
Price Upon Req.12,656 SF
" Existing Tenants Include Office, Retail & Residential " Income Producing " Off-Street Parking " Remodeled 2011 " 1st Floor Availability for Owner Occupied User
Price Upon Req.4,400 SF
Property located on Taylor Street just off I 10 close to downtown. 4400 Sq/Ft Warehouse type building that needs completion. 20,007 Sq/Ft lot allows for multiple use possibilities. Ideal location for Residential, Townhouses, Multi Family.