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7526 Santa Fe Dr

Houston, TX 77061

$299,999

Specialty For Sale  •  3,219 Sq Ft

Property Details

  • Property Type Specialty
  • Total Building Size 3,219 Sq Ft
  • Lot Size 0.53 ac
  • Year Built 1942
  • Cap Rate 9.20 %
45 Transit Score
62 Walk Score

Description

9.2% cap rate hard to beat.  Has been a great rental property for 3 years with same tenant grossing $30,000 per year with very low taxes.  Renovated in 2017 so repairs and maintenance were $0 in 2018/2019.  Tenant is on a long term lease and uses the property as a house helping children.  Almost an acre lot and 3,000 sq/ft house close to downtown and in a hidden gem of a neighborhood.  Hard to find a neighborhood with all large lots and new construction going up all around.  Great cash-flow property.  Rents $2500/month, have all the receipts and contracts to prove it.  Don't disturb tenants.

Highlights

Size of land and house. Neighborhood. Downtown/Medical Center. Rental Income. Great Tenants.

Financial Summary

Cap Rate: 9.20 %

Amenities

  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
William P. Hobby Airport 14 min - 4.2 mi
Houston George Bush Intercontinental Airport 35 min - 27.2 mi
Michael Johnson 713-815-5637 Champions Real Estate Group
Michael Johnson 713-815-5637 Champions Real Estate Group