MFH Special!!!

[Chetan Tandon]

11 UNITS MUST SELL ASAP!

5101 Bell St #11 - $90,000 Equity

5101 Bell St #11
Houston,TX 77023

Part Of Town: Greater Eastwood/East End/East Lawn

Est. After Repair Value (ARV): check comps $385,000 minus

Asking Price:
$260,000

Estimated Cost of Repairs:
$35,000

Profit Potential of:
$90,000

How to Access Property: Drive by and if serious buyer access will be granted

How Seller Determined ARV: Comps: Sold 4/25/2014: $385,000 2800 Carrolton St, Houston, TX 77023 (12 units). Sold 5/30/2014: $310,000 4701 Bell St, Houston, TX 77023 (11 units). Sold 3/21/2014: $159,500 4712 Polk St, Houston, TX 77023 (5 units). Sold 6/30/2014: $142,000 6322 Stillwell St, Houston, TX 77023 (6 units).

About Property
Property consists of 3 buildings sitting on a 11,200sf lot with of two (2) 2-bedroom & 1-bath units, six (6) 1-bedroom & 1-bath units, and 3 efficiencies. The apartment units sit on a corner lot in the booming East End.

About Repairs
Replace roof on one building, replace broken glass, replace some bricks, repair balconies, and replace the rotten wood.
Miscellaneous

You can add income by turning the storage into effeciency and adding $350/month and then the laundry adds $400/month.

Rents are bringing in $4,250/mo with potential to bring in about $5,500/month with raising rents, laundry income, and 12 unit.

Rents are low and can be raised on the 1-bedroom $50/door, efficiency $50/door, and 2-bedroom $25/door.

https://www.dropbox.com/sh/tpt5onvmgfs38m8/AACdoGEAIndiC86xjhUW_4EXa?dl=0

To make an offer please email at [email protected].
Thank You!!!
Chetan Tandon
[email protected]