Listed by KW Commercial Houston Metropolitan
$543,000
7301 Sherman St
Details
Property Type Multifamily
Square Footage 3,725
Units 4
NOI $62,308
Occupancy 4.5%
Tenancy Multi
Pro-Forma Cap Rate 7.00%
Pro-Forma NOI $62,308
Class B
Year Built 1930
Year Renovated 2024
Buildings 1
Lot Size (SqFt) 7,500
Zoning Opportunity Zone
Investment Type Stabilized
Ownership 100%
Turnkey, Fully Renovated, Opportunity Zone 4Plex in Houston, TX
Marketing description
Renovated in 2024, this 4-unit property at 7301 Sherman St is located in Houston's East End in a Prime Area for Investment. The property is Opportunity Zoned, which yields more incentive to investors! Build Equity & Cash Flow with this turnkey property! Adjacent homes can also be purchased in the package if interested.
Located minutes from The East River Project, EADO, Downtown Houston, University of Houston, Texas Medical Center and much more. 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
- Renovated in 2024
- Located in a Prime Area for Investment
- Opportunity Zoned!
- Build Equity & Cash Flow upon stabilization!
- Adjacent homes can also be purchased in the package!
Listing Contacts
Listed by KW Commercial Houston Metropolitan
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$62,308.32
$5,192.36/mo
Valuation Metrics
0
DSCR
11.47%
Cap Rate
11.47%
ROI
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