$449,900
Fully Occupied 4-Unit Multifamily
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,000
Net Rentable (SqFt) 3,000
Units 4
Cap Rate 6%
NOI $27,000
Occupancy 100%
Pro-Forma Cap Rate 7.36%
Pro-Forma NOI $33,120
Price per SqFt $150
Broker Co-Op Yes
Class C
Year Built 1965
Buildings 1
Stories 2
Lot Size (SqFt) 5,200
Investment Type Value Add
100% Occupied | ~$112K/unit
Marketing description
Fully occupied 4-unit multifamily property in Houston’s revitalizing 77011 corridor, offering immediate rental income with strong value-add potential through rent alignment and long-term appreciation.
Situated on a corner lot in an area experiencing ongoing development and investment, each unit features a functional 2-bedroom, 1-bath layout (~750 SF), providing consistent tenant demand in an area with proximity to major employment and education hubs including UH/TSU, Texas Medical Center, Downtown Houston and NRG Stadium.
Investment highlights
- Fully occupied – immediate income
- (4) 2 bed / 1 bath units (~750 SF each)
- Affordable entry-level multifamily asset
- Immediate rental income
- Value-add opportunity through rent alignment and long-term appreciation
- Corner lot in Houston’s revitalizing 77051 corridor
Listing Contacts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$27,000.00
$2,250.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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