100% Occupied EaDo 8-Plex | $57,741 Actual NOI
Magnolia Park/EaDo Infill Path of Progress
Marketing description
Unlocking Bankable Cash Flow in Houston’s Historic East End
Welcome to 801-803 66th St, a highly efficient, fully occupied 8-plex sitting directly in the path of progress in Houston's booming Greater East End footprint. While the curent urban investment landscape is currently flooded with high-overhead hospitality bets and under-performing short-term rentals, this asset stands out as a true, long-term, stabilized multifamily cash flow.
Boasting an actual NOI of $57,741, this asset offers a low-risk position inside the Loop. The property features high-ticket capital expenditures already handled by the seller, including a recent roof, replaced water main lines, updated attic insulation.
Operationally, the property is a dream value-add canvas. With room for cosmetic updates to increase equity and the building's overall net operating yield.
Situated in the transitioning urban infill pocket of Magnolia Park, residents enjoy effortless access to the transit arteries of Downtown Houston, the thriving commercial corridors of EaDo, and the massive tenant bases of the University of Houston and the Port of Houston. This 8-plex represents the sweet spot for immediate, reliable mailbox money today and long-term land value appreciation tomorrow.
Investment highlights
100% Occupied, Bankable Net Operating Income: Secure immediate, stabilized cash flow with a verified actual NOI of $57,741. Unlike high-vacancy assets or unstable short-term rental plays, this property offers a consistent, predictable long-term tenant structure inside the Loop.
Major Capital Infrastructure Upsates: Minimize your day-one maintenance expenses and protect your yield.
- New Roof in 2024
- New Water Mains 2024
- New Attic Insulation 2026
- New Fence
8-Unit Advantage: Falling into true commercial multifamily scale, an 8-plex absorbs vacancy shocks significantly better than 4-plexes or 5-plexes. A single vacancy represents only a 12.5% structural swing
Prime Location: Positioned perfectly in the high-demand Magnolia Park / Greater East End submarket. The property offers tenants quick proximity to the core of EaDo, Downtown Houston, the University of Houston, and major expressways (I-45, I-10, 610 Loop).
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