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2103 Hardy

Houston, TX 77026

$695,000

Dormitory For Sale  •  3,093 Sq Ft

Property Details

  • Property Type Dormitory
  • Total Building Size 3,093 Sq Ft
  • Lot Size 0.23 ac
  • Building Class C
  • Year Built 1959
  • Cap Rate 10.25 %
54 Transit Score
68 Walk Score

Description

2 STORY Rooming house BUILDING in a prime location just 10 mins north of downtown in an up and coming neighborhood. The Building is currently 90% occupied with on site manger. tenant share kitchen and bathroom. Huge 10,000 sqft corner lot. Huge parking space The building could also be re-purposed. Endless possibility. The owner is looking for an experience operator to take over the rooming house business or re-purpose the asset. The building is currently divided into rooms with an onsite manager and currently pulling in $71,000+ net per year. serious inquiry only The building could also be re-purposed. Endless possibility.  Please reach out to listing agent for more detail.

Highlights

10 mins north of downtown Houston
Corner Lot

Property Flyers

Financial Summary (Actual)

Net Operating Income: $71,935 (2018)
Cap Rate: 10.25 %
Total Expenses: $18,122

Major Tenants

Tenant SF Occupied Lease End Date
Hardy Rooming Houston 3,000 SF

Public Transportation

Transit/SubwayDriveWalkDistance
Fulton / North Central Transit Stop (Redline) 3 min 16 min 0.9 mi
Quitman / Near Northside Transit Stop (Redline) 4 min 17 min 0.9 mi
Burnett Transit Center/Casa De Amigos (Redline) 5 min 19 min 1.0 mi
AirportDriveWalkDistance
William P. Hobby Airport 28 min - 16.0 mi
Houston George Bush Intercontinental Airport 23 min - 17.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
John Hernandez 832-755-0368 Corte Realty Services
John Hernandez 832-755-0368 Corte Realty Services