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2512 Calumet St
Houston, TX 77004 MacGregor

$1,650,000 USD

Apartments For Sale • 6,090 SF

Property Details

Property Type Apartments
Total Building Size 6,090 SF
Lot Size 0.27 AC
Building Class B
Year Built 1935

50 Transit Score

80 Walk Score

Description

This turnkey, owner-absentee multifamily property in Houston offers immediate cash flow and strong upside potential. Comprising two freestanding
buildings with seven fully furnished units (three remodeled and four modern), it generated a 2024 NOI of $90,784 under professional management. Located
minutes from Texas Medical Center, this property benefits from strong rental demand and comes fully equipped for seamless short-term or long-term rental
operations. With the ability to add two additional units for an estimated $50,000 in extra annual income, this asset presents an exceptional investment
opportunity.

                
                    Highlights
                
                                Vacancy Rate: Currently maintaining a low vacancy rate of just 10%.
                            
                                Two Buildings: One building remodeled into three distinct units; the other newly constructed with four sleek, modern units.
                            
                                Value-Add Opportunity: Potential to add two additional units, increasing revenue potential and profitability.
                            
                                Fully Furnished: The entire property is furnished with modern furniture, ready for immediate occupancy.
                            
                                Turnkey Investment: No renovations or maintenance required—start earning and generating cash flow from day one.

Amenities

Dishwasher
Laundry Facilities
Washer/Dryer
Furnished Units Available
Gas Range
Granite Countertops
Refrigerator
Range
Grill
Island Kitchen

Public Transportation

Commuter Rail	Drive	Walk	Distance
Houston (Sunset Limited - Amtrak)	8 min	-	4.3 mi
Transit/Subway	Drive	Walk	Distance
Museum District Northbound (Redline - Harris County Metropolitan Transit Authority METRO Rail (METRORail))	2 min	17 min	0.9 mi
Museum District Southbound (METRORAIL RED LINE - Metropolitan Transit Authority of Harris County, Redline - Metropolitan Transit Authority of Harris County)	2 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
William P Hobby	24 min	-	12.9 mi
George Bush Intcntl/Houston	29 min	-	21.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Steve Schemmel 832-899-4389 Gatsby Advisors Brokerage

2512 Calumet St Houston, TX 77004 MacGregor