11-Unit Multifamily in Houston, TX
Harris County, TX · listed Jun 25, 2024 (854 days)
- $/unit
- $150,000
- ▲ 63% vs TX · 76th pct
- Cap rate
- 6.5%
- ▼ 0.9 pts vs TX median
- NOI
- $107K
- $9,719/unit/yr
- Units
- 11
Financials
- Asking price
- $1,650,000
- Price per unit
- $150,000
- Price per sq ft
- Not stated
- Gross rent / year
- Not stated
- Net operating income
- $106,913
- NOI per unit
- $9,719
- Cap rate
- 6.5%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 11
- Unit mix
- Not stated
- Buildings
- Not stated
- Year built
- Not stated
- Building size
- Not stated
- Avg unit size
- Not stated
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Available
Listing
- Listed
- Jun 25, 2024
- Days on market
- 854 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1367
About this property
Investment Opportunity: Fully Occupied 11-Unit Multifamily Property in Houston
Discover a prime investment opportunity in the heart of Houston! This well-maintained multifamily property boasts 11 fully occupied units, providing immediate cash flow and long-term stability. Located in a vibrant and growing neighborhood, this property offers the perfect blend of convenience and community.
Key Features:
- Fully Occupied: Enjoy a steady stream of rental income with all units currently leased, minimizing vacancy risk.
- Diverse Unit Mix: Featuring a variety of layouts to attract a broad tenant demographic, ensuring high demand year-round.
- Strong Rental Market: Situated in a rapidly developing area of Houston, with easy access to public transportation, shopping, dining, and local amenities.
- Recent Upgrades: Benefit from recent renovations and updates, enhancing property appeal and tenant satisfaction.
- Professional Management: Well-managed property with reliable tenants, providing peace of mind for new owners.
- Cap Rate Potential: Strong cap rate for savvy investors looking to expand their portfolio in a lucrative market.
Don’t miss this chance to secure a fully occupied multifamily asset in one of Texas's most dynamic cities. Whether you're an experienced investor or looking to enter the multifamily market, this property offers a compelling opportunity for growth and profitability.
Contact us today for more information and to schedule a viewing!
11 Unit Portfolio inside a bigger Multifamily Complex, Each tax individually Seller Financed
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
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