Multifamily For Sale
4,900 Sq Ft
Outstanding property located in prime Houston Multifamily market complimented by an excellent long term tenant mix. This complex consists of 7 Duplexes and 14 units. There are 12 (twelve) efficiencies (studies) and 2 (two) 1 bedroom units. This property has plenty of space to add more units so you can maximize your profit. Five (5) duplexes are at full capacity. Two (2) duplexes need to be repaired in order to obtain additional rental income. This property features:
- 2 Duplexes need to be repaired in order to be leased.
- 10 units are currently for lease.
- All units might need roof and siding. They’re small units, so if they are remodeled the rents could be increased.
- The property has two main entrances.
- City of Houston Picks up the Trash, no charge.
- Tenants bring their own window A/C units.
- Some Tenants have been leasing for 15+ Years
- Each unit has it’s own Electric Meter.
- Each Duplex has it's own Gas Meter.
- Each unit has separate mailbox.
- Each Unit has it's own address.
- There is only one Water Meter for the whole property.
- All units only have adult tenants.
- The Seller does not have financials yet. Working on getting me what she can.