Listed by KW Commercial Houston Metropolitan
$200,000
Great for a 6-Plex Conversion! Priced Under Tax Value!
Details
APN 0422300000815
Property Type Land, Mixed Use
Sub Type Apartment Building, Commercial
Square Footage 4,375
Units 4
Occupancy 100%
Pro-Forma Cap Rate 6.00%
Pro-Forma NOI $33,268
Price per SqFt $46
Broker Co-Op Yes
Class C
Year Built 1960
Buildings 1
Stories 2
Lot Size (SqFt) 7,704
Zoning None
Parking Spaces 6 spaces
Parking per 1,000 SqFt 1.37
Investment Type Value Add
Ownership 100%
Sale Condition Distressed
Land | 7,704 SF
Marketing description
Currently 4 Units (Living + Retail) VALUE ADD PROPERTY
Two spacious apartments (2x1s) upstairs
Studio
Big Retail Space with Studio
Plenty of space for parking front & back
This property can be turned into a 5 or 6 multifamily property if desired to increase the equity and cash flow!
Strategically located 1/5 mile from Highway 59, Hardy Toll Road and 1.5 miles from Highway 610 which gives easy access to main routes in the city.
Contact otto 713-614-5888 or [email protected]
Investment highlights
Estimated ARV 500K+ based on further conversion
Future performance rent estimates $995 to $1,300 monthly
Great option for conversion into a 5plex or 6plex OR just full retail if desired
Listing Contacts
Listed by KW Commercial Houston Metropolitan
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