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For sale 3 days ago

$875,000

rooms 0 ba 6800 sqft

8430 Round Rock Drive, Houston, TX 77049

Commercial Multifamily

Current Rent **

$10,000+

Projected Rent **

$10,000+

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Wale Lawal

Real Estate Broker
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Fully Occupied 8-Unit Houston Multifamily

100% occupied income-producing 8-unit multifamily for a serious, qualified buyer. Property consists of 8 units, each 2 bed / 1 bath, with long-term tenants in place. Priced at a 1.14% rent-to-price ratio based on existing rents, not projections. Relatively newer roofs, new HVAC, and updated interiors. Current upside includes potential rent increases, pet fees, onsite laundry income, and implementing RUBS for water since units are not separately metered. Monthly expenses: $400 water, $490 trash, $200 landscaping, $100 pest control, $1,148 insurance. No HOA, no deed restrictions, and no short-term rental restrictions. Showings only with proof of funds and an acceptable offer. Please do not disturb tenants. Photos are representative of overall unit condition. See MLS attachments and OM for details. Lowball offers, creative financing, and “Subject To” offers will not receive a response. Serious buyers only.

Investment highlights
100% Occupied
8 Units Total
2 Bed / 1 Bath Unit Mix
Long-Term Tenant Base
Value-Add Opportunity
New HVAC Systems
Updated Interiors
Newer Roofs
Strong Rent-to-Price Ratio
No HOA
No Flood History
Large Lot

Wale Lawal
REALTOR | INVESTOR, LPT Realty, LLC
(832) 776-9582 (p) | (832) 776-9582 (m)
[email protected]

Location:

8430 Round Rock Drive, Houston, TX 77049

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.