5 Unit Multi-Family in Montrose!!! $3,670 monthly net or 8% cap

[Gloria Gutierrez]

$550,000

4 - 1/1 Apartments

1 - Efficiency Apartment
1,999 sq ft building and 1,663 sq ft building on a 5,000 sq ft lot

Current Rents:
Efficiency- $895 (310 sq ft)
1/bed 1/bath- $900 (627 sq ft)
1bed 1/bath- $1,000 (1062 sq ft)
1/bed 1/bath- $995 (1036 sq ft)
1/bed 1/bath- $950 (627 sq ft)
Gas and Electric separately metered
Coin Operated laundry available to tenants

Cosmetic updates recommended to increase monthly net as vacancies occur. No major repairs needed. Recommend power wash of siding, paint. All units have original hardwood floors.

PLEASE DO NOT DISTURB THE TENANTS - OWNER IS NOT ON SITE - DRIVE BY ONLY

All units currently rented on a month to month basis. One tenant has been on the property for 25+ years, very sought after location with 100% occupancy.

Contact Gloria to put a contract on this great property. $5k deposit locks this deal up, title is currently open at Texas American Title/Patten Law Firm.

713-489-1541 - [email protected]
CORE Group Holdings, LLC

Assignor of contract is not offering real estate for sale, only the assignable interest in the above-referenced property. Above price includes assignment fee.