6 Units Value Add at 2601 Lucinda St
Multifamily | 6 Units
Marketing description
6 Units (3 Duplexes) located in Houston's East End, walking distance from University of Houston. This value-add opportunity is located in a prime area for investment and is Opportunity Zoned, which yields more tax incentive to investors. The property offers the opportunity to build equity and cash flow upon stabilization.
The unit mix consists of 1x1 units in shotgun style, each around 550 sf. Electric/Gas are separately metered, with Water, Gas & Electricity, and City Garbage Collection. The property is not in a flood zone.
Located minutes from Downtown, The East River Project, EADO, University of Houston, and much more. There is growing demand in the Real Estate market of this area. The local apartment submarket indicates stable occupancy with increasing rental rates. New residential and commercial developments in the immediate area.
Investment highlights
- ESTIMATED ARV $852,000
- Walking Distance from University of Houston
- Located in a Prime Area for Investment
- Opportunity Zoned!
- Build Equity & Cash Flow upon stabilization!
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
