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23834155
23834156

9222 Lockwood Dr, Houston, TX 77016 For Sale

EL
0318518
SWE Homes
Listed by SWE Homes
$1,550,000
408 days on market
Updated 1 day ago
Opportunity zone

24-Unit Multifamily in Houston – Owner Financing

Details
Property Type Multifamily
Sub Type Student Housing, Apartment Building
Square Footage 13,850
Net Rentable (SqFt) 13,850
Units 24
Beds 24
Price per SqFt $112
Year Built 1964
Buildings 2
Stories 2
Lot Size (SqFt) 29,240
Investment Type Owner/User
Sale Condition For sale by owner

Multifamily | 24 Units | $64,583/unit

Marketing description

Multifamily Property For Sale!
24 units – 20 one-bedroom units and 4 two-bedroom units on a corner lot with 13,850 sq.ft. of building space and 29,240 sq.ft. of land. This is a great opportunity for investment in a high-demand rental area of Houston. The property is centrally located with easy access to major roads and within minutes of several universities, including the University of Houston, Texas Southern University, and University of Houston–Downtown. Perfect for student housing or long-term rentals. Owner financing available – No credit OK. Don't miss this opportunity!

Investment highlights

  • Multifamily Property:
    24 total units – 20 (1 bed/1 bath) and 4 (2 bed/1 bath), ideal for maximizing rental income.

  • Corner Lot Advantage:
    Sits on a 29,240 sq.ft. lot with a 13,850 sq.ft. building, offering strong visibility and accessibility.

  • High Rental Demand:
    Surrounded by residential communities and ideal for long-term tenants or student housing.

  • Close to Universities:
    Located near University of Houston, Texas Southern University, and University of Houston–Downtown — attractive to students, faculty, and staff.

  • Income-Generating Potential:
    Excellent opportunity to generate consistent cash flow in an established market.

  • Owner Financing with No Credit Check:
    Easy access for investors or buyers who may not qualify through traditional financing.

  • Operating complex with strong existing tenancy, perfect for both experienced investors and those new to the multifamily space. Plenty of potential to increase rates with minimal updating and renovations. Contains an on-site leasing office built for an investor to ensure continued performance

Listing Contacts

EL
0318518
SWE Homes
Listed by SWE Homes

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