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33912540
33912539

12639 Ashford Meadow Drive, Houston, TX 77082

SR
TX 742233
Ortega Realty & Associates
Listed by Ortega Realty & Associates
$150,000
9 days on market
Updated 9 days ago

Value-Add Duplex | Vacant | Strong Cash Flow Potential

Details
Property Type Multifamily
Sub Type Student Housing, Apartment Building (+1)
Square Footage 1,942
Net Rentable (SqFt) 2,500
Units 2
Cap Rate 14.24%
NOI $30,000
Tenancy Vacant
Price per SqFt $77
Class C
Zoning Multifamily
Parking Spaces 1 per unit
Investment Type Value Add

Below Market Duplex with Immediate Equity Opportunity, Section 8 Approved

Marketing description

Unlock the potential of this rare value-add duplex with immediate equity and outstanding cash-flow potential. Priced below both market and appraisal value, this is an exceptional opportunity to renovate, lease at market rents, and maximize your return on investment from day one. Both spacious 2-bedroom, 2-bathroom units have been recently vacated, giving you the flexibility to complete improvements and place new tenants immediately. One unit needs only final touches to be rent-ready, while the second requires only light renovations, making the additional investment minimal for the upside this property offers. Estimated rental income is up to $3,000 per month. Previously rented through Section 8, both units remain Section 8 approved, providing access to a strong and reliable tenant pool. The HOA covers water, sewer, landscaping, exterior maintenance, roof, foundation, insurance, common areas, and more, helping keep operating expenses low and ownership simple. Located in a high-demand rental area with excellent appreciation potential, this property is an outstanding opportunity to build equity and generate long-term cash flow. Sold As-Is. Se Habla Español.

Investment highlights

Immediate Equity Opportunity

Below Market Acquisition

Value-Add Duplex

Low Rehab, High Upside

Up to $3,000/Month Rental Potential

Recently Vacated – Ready for Improvements

Section 8 Eligible

Strong ROI Potential

Turnkey + Light Rehab Strategy

High-Demand Rental Market

Listing Contacts

SR
TX 742233
Ortega Realty & Associates
Listed by Ortega Realty & Associates

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$30,000.00
$2,500.00/mo

Valuation Metrics

0
DSCR
20%
Cap Rate
20%
ROI

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Additional Information

Name
Sirley Rendon
License
742233
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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