New Listing
Description
Great investment opportunity! This fully renovated multifamily property features 7 units across two duplexes and one triplex, with each unit offering a spacious 2-bedroom, 1-bathroom layout and modern updates throughout. Recent exterior improvements include a new roof, new gutters, and more. A survey is available for review. Currently, 6 of the 7 units are occupied, providing immediate rental income with additional upside potential. At full occupancy, the property has the potential to meet the 1% rule based on current rental rates, with significant room for rental growth, as current rents are below comparable properties in the area. Located in a rapidly developing neighborhood with ongoing new construction, this property offers excellent long-term investment potential. The adjacent lot is also available for purchase, creating additional opportunities for future development or expansion.
Details
| MLS # | 59254079 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 5 |
| Listing Provided By | Walzel Properties - Katy | Gustavo Alvarado |
Features
| Bed(s) | 14 |
|---|---|
| Bath(s) | 7 Total |
| SQ Feet | 5,550 |
| Story(s) | 1 |
| Units | 7 |
| Acreage | 25200.00 |
Taxes
| Tax Annual Amount | 11275 |
|---|
Area Information
| State | TX |
|---|---|
| County | Harris |
| City | Houston |
| Zip Code | 77033 |
| Area | 3 |
| Subarea | Medical Center South |
| Community Name | Sunnyside Gardens |
| Listing VS Median (in Sunnyside Gardens) | |
Price: $720,000 low | high Med: $142,500 sqft: 5,550 low | high Med: 1,507 $ / sqft: $130 low | high Med: $97 On site: 5 low | high Med: 127.5 | |
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Learn More About This Property
| State | TX |
|---|---|
| County | Harris |
| City | Houston |
| Zip Code | 77033 |
| Area | 3 |
| Subarea | Medical Center South |
| Community Name | Sunnyside Gardens |
| Listing VS Median (in Sunnyside Gardens) | |
Price: $720,000 low | high Med: $142,500 sqft: 5,550 low | high Med: 1,507 $ / sqft: $130 low | high Med: $97 On site: 5 low | high Med: 127.5 | |
Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.
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