11-Unit Apartment For Sale – Houston, TX
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 Greater Eastwood/East End/East Lawn area.
Asking Price:
$260,000 with $90,000 Equity
Estimated Cost of Repairs:
$25 to $35,000
About Repairs: Roof to be replaced on one building along with some broken glass and brickwork. Balconies and some wood rot will also need repairing.
Storage building could be converted to efficiency and laundry.
Rents are bringing in $4,250/month but is low with a potential of $5,500/month with the additional efficiency, repairs and laundry.
DISCLAIMER: We are placing this property in the Marketplace for a contact of ours who holds the contract on this property and all serious inquiries will be introduced directly! Please respond to our email address for more information or call…