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32671405
32671417

8430 Round Rock Drive, Houston, TX 77049

AL
TX TX 736740
NetWorth Builders
Listed by NetWorth Builders
$875,000
20 days on market
Updated 16 days ago

Fully Occupied 8-Unit Houston Multifamily

Details
Property Type Multifamily, Mixed Use
Sub Type Apartment Building, Student Housing
Square Footage 6,800
Net Rentable (SqFt) 6,800
Units 8
Cap Rate 7.00%
NOI $61,250
Occupancy 100%
Tenancy Multi
Lease Type Gross
Remaining Term 3
Price per SqFt $129
Class B
Year Built 1957
Stories 1
Lot Size (SqFt) 40,000
Zoning Multifamily
Investment Type Stabilized
Ground Lease No
Ownership 100%

Houston Multifamily Investment Opportunity | Strong In-Place Cash Flow

Marketing description

100% occupied income-producing 8-unit multifamily for a serious, qualified buyer. Property consists of 8 units, each 2 bed / 1 bath, with long-term tenants in place. Priced at a 1.14% rent-to-price ratio based on existing rents, not projections. Relatively newer roofs, new HVAC, and updated interiors. Current upside includes potential rent increases, pet fees, onsite laundry income, and implementing RUBS for water since units are not separately metered. Monthly expenses: $400 water, $490 trash, $200 landscaping, $100 pest control, $1,148 insurance. No HOA, no deed restrictions, and no short-term rental restrictions. Showings only with proof of funds and an acceptable offer. Please do not disturb tenants. Photos are representative of overall unit condition. See MLS attachments and OM for details. Lowball offers, creative financing, and “Subject To” offers will not receive a response. Serious buyers only.

Investment highlights

  • 100% Occupied
  • 8 Units Total
  • 2 Bed / 1 Bath Unit Mix
  • Long-Term Tenant Base
  • Value-Add Opportunity
  • New HVAC Systems
  • Updated Interiors
  • Newer Roofs
  • Strong Rent-to-Price Ratio
  • No HOA
  • No Flood History
  • Large Lot

Listing Contacts

AL
TX TX 736740
NetWorth Builders
Listed by NetWorth Builders

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$61,250.00
$5,104.17/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
ADEWALE LAWAL
License
TX 736740
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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