$1,185,000
8814 Manus Street, Houston, TX 77093
Current Rent **
$10,000+
Projected Rent **
$10,000+
HOUSTON, TEXAS |MANUS 11 UNITS APARTMENT
BEST DEAL ON THE MARKET. Please send the offer to [email protected]. See MLS attachments for full financials and offer instructions. Information is deemed reliable but not guaranteed; buyers to verify. Unit #5 is vacant and available to show with Proof of Funds.
All tenants are on annual leases, many long-term.
Property has never flooded. Approx. monthly expenses: $780 water, $490 trash, $200 landscaping, $100 pest control, $1,148 insurance.
No HOA, deed restrictions, or short-term rental restrictions.
Call 832-776-9582 for questions
Priced at 1% rental rule on existing rents (not projected!) Great income-producing 11-unit multifamily Deal.
New Roof, New HVAC, updated interior. Upside includes: Pet fees, rent increase, laundromat onsite, and implementing RUBS on water since there is no separate water meter. Unit #5 is vacant and available for showings with Proof of Funds. Unit 5 is representative of the overall condition of other units.
All tenants are on annual leases, with the average tenant in place for several years and intending to remain with new ownership.
Financial details are available in the MLS attachment. Monthly operating expenses for all eleven units include Approx. monthly expenses: $780 water, $490 trash, $200 landscaping, $100 pest control, $1,148 insurance.
No HOA, no short-term rental restriction, and no deed restriction.
Option fee is $50 per day, with a max of 7 days. Low-ball offers will not receive a response. No creative deal or “Subject To”. Please send offers to [email protected]
Location:
8814 Manus Street, Houston, TX 77093
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** 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.
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