Cash Flowing Duplex in the Houston - Alief Area

[Aaron Gobert]

Completely renovated duplex in SW Houston area of Alief. See details below. 

Address: 12619 Ashford Meadow #2 (units A&B)

Asking Price: $144,900

Potential Rents: Several comps in the $950-$1,250/unit range

HOA Fees: $200/month/unit

Unit size: 2 bed / 2 bath ~925 sq ft/unit

Flood Insurance needed if going with a lender but did NOT flood during Harvey.

Description: Each unit is 2 bed / 2 bath and are completely remodeled. All new appliances in both units, new HVAC in unit B, new roof, new flooring in both units, new cabinets and counter tops in Unit B. The bottom unit did not flood from Harvey. There was a roof leak which caused some rain damage during Harvey. The damage was remediated and repaired and the HOA put a new roof on.

Both units are vacant so the new buyer can put in his or her own tenants. There are rental comps going for $950-$1,250 for this level of rehabbed unit. The property is in a flood plane so you will need flood insurance unless you pay cash, but it did not flood during Harvey. I have a survey and elevation certificate.

Click here for pictures.

Call Aaron 713-824-0651 or email at [email protected] if interested or for a showing.