The Franklin Team
Listed by The Franklin Team
$500,000
3435 Rosedale 5 Unit Multi Family NEAR TCU & U of H
Details
Property Type Multifamily
Sub Type Student Housing
Square Footage 3,564
Net Rentable (SqFt) 3,564
Units 5
Beds 7
Cap Rate 11.6%
NOI $58,000
Occupancy 100%
Price per SqFt $140
Broker Co-Op Yes
Class C
Year Built 1945
Buildings 2
Stories 2
Lot Size (SqFt) 6,600
Zoning Residential / Multifamily
Ownership Full
Multifamily | 5 Units | $100,000/unit
Marketing description
Income-producing 5-plex located in the Haden Terrace subdivision. This multi-family property features three 1-bedroom/1-bath units and two 2-bedroom units, offering a desirable unit mix. Average rents are approximately $900 for the 1-bedroom units and $1,350 for the 2-bedroom units. Each unit showcases original hardwood floors, adding timeless character and durability. Ideally located near the University of Houston and Texas Southern University, providing strong rental demand. Convenient access to Hwy 288 and I-45 allows for easy commuting to Downtown Houston, the Medical Center, and surrounding areas. An excellent opportunity for investors seeking a well-located multi-family asset.
Listing Contacts
The Franklin Team
Listed by The Franklin Team
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$58,000.00
$4,833.33/mo
Valuation Metrics
0
DSCR
11.6%
Cap Rate
11.6%
ROI
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