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30067007
30067008

815 Quitman St, Houston, TX 77009

CG
TX 802540
Boulevard Realty
DP
TX 604359
Boulevard Realty
Listed by Boulevard Realty
$449,000
208 days on market
Updated 68 days ago
Opportunity zone

4 UNITS MIXED-USE NEAR NORTHSIDE

Details
Property Type Mixed Use, Multifamily (+1)
Sub Type Apartment Building, Convenience Store (+1)
Square Footage 3,188
Net Rentable (SqFt) 3,188
Units 4
Cap Rate 2.63%
NOI $11,794
Occupancy 50%
Tenancy Multi
Pro-Forma Cap Rate 6.51%
Pro-Forma NOI $29,228
Price per SqFt $141
Broker Co-Op Yes
Year Built 1930
Stories 1
Lot Size (SqFt) 5,000
Investment Type Value Add

Seller Financing Available | Prime Retail Redevelopment Opportunity

Marketing description

Introducing an exceptional investment opportunity in the heart of Houston's thriving Near Northside neighborhood. Presenting 815 Quitman St, a mixed-use property featuring a 1,000 SF commercial storefront and three residential units, offering immediate cash flow with substantial upside potential. Strategically located just five minutes from Downtown Houston, this property benefits from prime connectivity and proximity to major freeways. The area is undergoing rapid transformation, with new townhome developments and commercial projects driving demand for both residential and retail space. Ideal for investors seeking a value-add opportunity, the property's strategic location and versatile layout present various investment strategies. Don't miss out on the chance to capitalize on Near Northside's explosive growth at 815 Quitman St, Houston, TX 77009.

Investment highlights

  • 4 Units

  • 50% Occupancy

  • Turnkey or Value-Add

  • 50 Foot Frontage on Quitman St

  • Current Monthly Income: $1650/ mo

  • This property is apart of a larger portfolio sale, contact listing agent, Caden Gracia, for more information

  • Seller financing available

Listing Contacts

CG
TX 802540
Boulevard Realty
DP
TX 604359
Boulevard Realty
Listed by Boulevard Realty

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$11,794.00
$982.83/mo

Valuation Metrics

0
DSCR
2.63%
Cap Rate
2.63%
ROI

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Additional Information

Name
Caden Gracia
License
802540
Brokerage
Boulevard Realty
Brokerage Phone
(713)862-1600
Title
Realtor
Brokerage Address
1523 Yale Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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