Multifamily 6 Unit, Excellent Opportunity Heights Blvd, Houston, Available Now!

[Benjamin Tyler]

1612 Heights Blvd, Houston, TX 77008

Multi-Family (5+ Unit)

7 Bed 6 Bath

4,619 Sqft

Year Built 1921

3 Units $1,500/mo (1 Bed 1 Bath)

2 Units $1,300/mo (1 Bed 1 Bath)

1 Unit $2,500/mo (2 Bed 1 Bath)

Rents: $9,600 Total/mo - $115,200/year

NOI: $110400

Cap Rate: 11%

ARV: $1.6M+

This is the first time this historical property has been listed on the market since it was built in 1921!

The back 3 units have full HVAC systems and are about 3 years old. The main house has mini splits and window units about 5 years old.

3 units have been remodeled.

This is prime Real Estate with high land value.

Family run rental opportunity the only expenses the current owner has is $400/mo ($4800/year) for maintenance/yard care.

Tenants pay all utilities, there is no property management. The owners take care of that.

Great cash flow and appreciates well please look at all comps

All 5 units occupied, the seller is living in the final unit until closing July 2nd (2 Bed 1 Bath)