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$796,000 / 8br - 3789ft2 - Stabilized 4-Plex in 3rd Ward/ Economic Corridor

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8BR / 4Ba 3789ft2
duplex
w/d in unit
off-street parking
no smoking
air conditioning

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Located in an opportunity zone, this third ward/economic corridor stabilized Four Plex has a 2 bed and 1 bath in each unit. Large growth potential and plenty of room to raise rent. All units are rented out with long-term renters. There is off street parking with signage for each tenant and a towing contract if needed. There is a security gate with gate codes for each tenant. There’s a lifetime metal roof on this four Plex. The property comes with security lights and security cameras. Each unit has separate electric meters and the security lights are also metered separately. Each unit has a central AC system. This four-plex has been completely renovated. Each unit has a washer and dryer. Water is currently paid by Landlord, but could be paid by tenants if desired… potential room to raise rent. Each room also has a dishwasher, stove, refrigerator and garbage disposal.. it has an occupancy certificate as well. Very private and secluded, set away from the street, tenants feel very safe. Current cap rate at 5.16% with opportunity to grow and an NOI of $41,134.76. Financial statements and proof of funds will be necessary to view the property. Unit 2 has numerous upgrades and will rent out for more than the others.. will discuss details with buyer. University of Houston is very close. If you call and I don’t answer, leave a detailed message and I’ll get back to you.

post id: 7931789176

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