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33775999
33776000

2809 Tooke Street, Houston, TX 77023

Iliana Sanchez
Listed by Iliana Sanchez
$1,250,000
1 day on market
Updated 1 day ago

2809 Tooke Street

Details
Property Type Multifamily
Sub Type Student Housing, Single Family Rental Portfolio (+1)
Square Footage 2,336
Units 8
Cap Rate 9.1%
NOI $113,758
Tenancy Multi
Rent Bumps Yes
Pro-Forma Cap Rate 10.92%
Pro-Forma NOI $136,558
Price per SqFt $535
Class B
Year Built 1950
Year Renovated 2012
Buildings 5
Lot Size (SqFt) 0.49
Parking Spaces 2 per unit
Investment Type Value Add
Sale Condition N/A

8 Unit INCOME PRODUCING Multi Family in Houston, Tx

Marketing description

Centrally located INCOME PRODUCING 8 unit asset. Excellent opportunity for investors seeking CASH FLOW! The fully gated (5 gates) property includes units with long term leases in place and shor term (airbnb) rentals. Furniture, appliances and accessories shown in units A-D photos will convey with the sale. New owner can easily continue with short term rentals or offer CORPORATE HOUSING. Property provides investors with a great opportunity to acquire a STABILIZED ASSET with immediate upside potential. 2 vacant lots also included with sale. One vacant lot has direct access to Griggs Rd. Great opportunity to build additional multi family homes. Easy access to IH-45 and I-610 to Houston's central business districts and the broader metro area. Rent roll and list of upgrades in documents. Schedule your showing today!

Investment highlights

*Centrally Located

*Income Producing

*Fully Furnished

*Fully Gated Property

*2 Vacant lots included with sale

Listing Contacts

Iliana Sanchez
Listed by Iliana Sanchez

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$113,758.00
$9,479.83/mo

Valuation Metrics

0
DSCR
9.1%
Cap Rate
9.1%
ROI

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