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5715 Eskridge St

Houston, TX 77023

$368,000

Apartments For Sale  •  2,602 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 2,602 Sq Ft
  • Lot Size 0.12 ac
  • Year Built 1940
  • Cap Rate 7.47 %
  • Zoning none
36 Transit Score
64 Walk Score

Description

Outstanding multifamily property located right off Interstate Highway 45 South!
Property’s location is prime to Houston multifamily market, being located just 5 minutes south from Downtown Houston, and a few minutes north of major commercial hub at Gulfgate Center Mall, and Hobby Airport. Additional reference points within a 2 mile radius include University of Houston (Main Campus), Gus Wortham Golf Course, Walmart Supercenter, and several green areas.
Property consists of 6 units in two adjacent buildings. There are 3 efficiencies, 2 two bed, and 1 one bed, with a spacious front and back yard. Property is currently cashflowing FULL OF TENANTS NOW!.
We put on over $70k of work put on property. Some major improvements include: 
•	Front Building:  removed rotten wood, new exterior paint and trim, brand new wood staircase, new windows, new grass, and new 6ft privacy fence in the front house.
•	Back Building:  new vinyl flooring, cabinets, ceiling fans, resurfaced bathtub and kitchen, power washed exterior and painted key areas, new windows, and gravel coats layered throughout the parking area, etc
Property has room for adding value by separating electrical meters.
Please email us at Boris@sanmoreinvestments.com for financial evaluation, and market analysis.

Highlights

Completely renovated exterior and 4 units' interiors
Brand New Privacy Fence, Coat of Gravel
Cash flowing with solid tenants! - opportunity to increase rents too!
Excellent location two blocks from the freeway

Property Flyers

Financial Summary (Actual)

Net Operating Income: $27,669 (2019)
Cap Rate: 7.47 %
Total Expenses: $16,431

Amenities

  • Air Conditioning
  • Fenced Lot
  • Picnic Area
  • Gated
  • Heating
  • Ceiling Fans
  • Yard

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Surface
Included in Rent: Yes
Boris Sanchez 832-291-7101 Sanmore Investments, LLC
Boris Sanchez 832-291-7101 Sanmore Investments, LLC