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Updated 10 months ago on .

User Stats

28
Posts
15
Votes
Selina Jackson
  • Realtor
  • Spring, TX
15
Votes |
28
Posts

Houston 6 unit MF property for sale right now. Seller is elderly/very motivated.

Selina Jackson
  • Realtor
  • Spring, TX
Posted

Historical District multi-family home with occupied apartments for sale right now. It was only sold once since it was built over 100 years ago and never has been up for sale in public until now. Located in a highly sought-after neighborhood in the heart of Houston, Texas with fully-occupied apartments inside it and additional ones on grounds. 6 total units. Most are newly renovated and a few need new HVAC and kitchen cabinets updated, etc. Currently under market rents that could be raised even without updating but more so once renovations are complete. I have the rent roll. Cap rate is approximately 8%. Let me know if you or someone you know has interest in this property. I am trying to help them locate a buyer because owner would like to sell soon. Thank you!

Offering
Houston, Texas