Prepared for 5/20/2016 Presented by Kevin Riles Upscale Properties (281) 403-3700 Ext: 4 kevin@kevinrilescommercial.com License: 0465148 Properties for Sale 1 2501 Gulf Freeway, Dickinson, TX 77539 Price $199,000 No. Units 4 2,880 SF $49,750 /Unit Property Sub-type Garden/Low-Rise Additional Sub-types Mid/High-Rise Property Use Type Investment Commission Split 3% Cap Rate 9.04% Rental investment condos. 4 one bedroom units at Ponderosa Forest Condominiums. They are currently leased, professionally managed and cash flowing nicely. Contact for details. Condominium community located in the "Bay Area" of the Houston MSA. It is surrounded by high quality commercial and residential development.
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2 521 HOUSE ST, Alvin, TX 77511 No Photo Provided Price $199,900 No. Units 2 2,360 SF Lot Size 6,251 SF $99,950 /Unit Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment Commission Split 3% Cap Rate 8% Occupancy 100% Tax ID/APN 6895-0065-000 2-3BR/2,5 BATH/ CONCRETE PARKING PAD, HARDY SIDING,TILE FLOORS, STILE STONE COUNTERS.KITCHEN, BREAKFAST, DEN & 1/2 BATH DOWNSTAIRS3 BEDROOMS, 2 BATHS UPSTAIRSFENCED BACK YARD A COUPLE BLOCKS FROM OLD HWY 35 AND 1 MILE FROM HWY 35 BIPASS
3 4085 REED, Beaumont, TX 77705 Price $99,000 No. Units 3 2,156 SF Lot Size 0.10 SF $33,000 /Unit Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment Occupancy 100% Newly remodeled 2br/1 bath home located in the heart of South Park. This home features fresh paint, new fixtures, ceiling fans and tiled floors throughout. All units are rented!!! $550 for the detached home. The 1440 SF duplex directly behind the single family dwelling is 4075 Reed which currently generate $500 2br/1 bath and $375 for the 1br/1 bath. This is a packaged deal!!! The legal description for the duplex is FLORENCE N11' OF W65' & E50X55' L13 B1 with a base tax of $607.37. OWNER FINANCING AVAILABLE WITH 20% DOWN!!!!SELLER IS RELATED TO LISTING AGENT! FLORENCE S39' OF W65' L13 B1
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4 711 Avenue A, La Marque, TX 77568 Price $174,000 No. Units 4 2,736 SF Lot Size 9,600 SF $43,500 /Unit Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment Commission Split 6% Cap Rate 11% DO NOT DISTURB TENANTS! 11CAP. SELLER-LENDER NOT AVAILABLE. Most siding was replaced. About 98% inside was replaced; sheet rock, floors, cabinets, bathroom fixtures, kitchen fixtures, ceiling fans (3 per units, ac windows units (2 per units), ceramic tiles in bathroom, laminate in kitchen, laminate hardwood floors in bedrooms and living room, interior doors and hardware, exterior doors and hardware. TX 3 SOUTH, LEFT ON CEDAR DR. LEFT ON AVE A, HOME ON RIGHT
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5 409 Grace, Houston, TX 77003 Price $250,000 No. Units 4 2,240 SF Lot Size 5,000 SF $62,500 /Unit Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment Commission Split 6% Cap Rate 8% Occupancy 100% Tax ID/APN 0071120000003 Single family home devided and built out into 4 spate units. 2 efficiencies, 1 one bedroom, 1 two bedrooms. 50 feet from Harrisburg and east end rail line. 5 blocks from light rail stop.
6 2501 Gulf Freeway #278, Dickinson, TX 77539 Price $95,000 No. Units 2 1,280 SF $47,500 /Unit Property Sub-type Garden/Low-Rise Property Use Type Investment Commission Split 3% Cap Rate 9% Occupancy 100% Two one bedroom units at Ponderosa Forest Condominiums. Currently leased. Contact for details. Condominium community located in the "Bay Area" of the Houston MSA. It is surrounded by high quality commercial and residential development.
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7 2185 Sabine Pass, Beaumont, TX 77701 Price $93,000 No. Units 1 4,641 SF Lot Size 11,340 SF $93,000 /Unit Property Sub-type Garden/Low-Rise Additional Sub-types Office-R&D Free Standing Bldg Special Purpose (Other) Property Use Type Investment Commission Split 3% No. Stories 2 Year Built 1931 Tax ID/APN 1 Located one block from the Charlton-Pollard Park this former fire station would make a great multi-family building or a single-family residence. It is zoned commercially but allows for multi-family use (GC-MD). This must be verified through the City. It is close to MLK which allows good access to I-10 and Highway 69 South. Also has a fenced back yard. Beaumont and SETX are experiencing a large amount of industrial expansion and as such the area is poised for growth. The largest project about to kick off is the widening and deepening of the Sabine-Neches Ship Channel. This project is set to create over 80,000 permanent jobs for Jefferson County alone over the next 25 years, according to well-known economist Ray Perryman. Natgasoline just broker ground on a new methanol plant in Beaumont with an estimated price tag of $1B. Two LNG plants are adding another $10B apiece. So many other large projects have been announced as well. It is a great time to be investing money in Beaumont and SETX
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8 6842 Avenue L, Houston, TX 77011 Price $179,000 No. Units 2 2,588 SF Lot Size 5,000 SF $89,500 /Unit Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment Commission Split 6% Cap Rate 11% DUPLEX-Newly designed interior space. First unit is 2bed/2bath approx. 1400sf, second unit is 2bed/1bath approx. 1100sf. New cabinet, new appliances, granite. New flooring with beautiful ceramic tile throughout. Upgraded carpet. Plenty of parking space. BOTH are leased with one year contract. Laundry for both units separated in back utility room. Extra space for utility room, custom paint throughout. New vanity. FROM DOWNTOWN HOUSTON TO S. 45 TOWARD GALVESTON, TAKE EXIT WAYSIDE, TURN LEFT ON WAYSIDE, KEEP RIGHT LANE AND TURN RIGHT ON AVENUE L. HOUSE IS ON THE RIGHT SIDE
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9 10810 Sugar Hill, Houston, TX 77042 Price $590,000 No. Units 4 5,614 SF $147,500 /Unit Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment Cap Rate 7.50% Wholesale deal, not traditional listing. No seller-paid commission on either side. Please arrange buyer paid commission through your buyer. Sales price is firm. MULTIFAMILY INVESTORS! Beautiful huge newly renovated fourplex (two duplexes in front of each other) in the very popular briar forest and wilcrest area. Over 5600 sq ft of living space. Two 3 beds 2.5 baths 2 car garage, two 2 beds 2 baths 1 car garage. Comps selling from $180 psf. ON SALE NOW for $114 psf ($640k). Can be rented for $1300-$1500 each, or resold for more profit. Calculated AS-IS value is over $950k. 10810 & 10814 Sugar Hill Dr.Apt 1 3 bed 2.5 bath: 6 month lease expires 6/16 currently paying $1350 (market: $1600)Apt 2 2 bed 2 bath: 1 year lease expires 6/16 currently paying $1050 (market: $1350)Apt 3 3 bed 2.5 bath: Owner living there will be there until 12/16 paying $900 per month (market $1600)Apt 4 2 bed 2 bath: 1 year lease expiring 9/16 currently paying $1000 (market $1350) briar forest and wilcrest
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10 1123 Runneburg Rd, Crosby, TX 77532 Price $298,000 No. Units 2 3,684 SF Lot Size 16,739 SF $149,000 /Unit Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment Cap Rate 7% Charming 2-story duplex located in the Heart of Crosby. Each unit with 4 bedroom 2 bath and study. Wood floors. Kitchen w/multiple granite counter work stations & ample storage space. Kitchen w/open concept to breakfast area. Master retreat w/high ceilings & bright w/natural light. Covered back patio. Must see. From HWY 90 Left on Runneburg. Home is on the Right.
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11 10450 Mills Road, Houston, TX 77070 Price $610,000 No. Units 4 6,400 SF Lot Size 0.04 AC $152,500 /Unit Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment Commission Split 3% Cap Rate 7.60% No. Stories 2 Year Built 2016 Mills Road Townhomes are in the heart of northwest Houston. This is one of the fastest growing areasin the region and is only 20 miles from downtown Houston and George Bush Intercontinental Airport.The neighborhood is conveniently located less than five miles from schools, shopping, major employersand an extensive highway system. Located off of Mills Road within just a few miles of the HP office buildings.
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12 1203 Holly St, La Marque, TX 77568 Price $195,000 No. Spaces 4 2,760 SF Lot Size 14,700 SF Price/Space $48,750 /Space Property Sub-type Mobile Home/RV Community Property Use Type Investment Commission Split 3% Cap Rate 9% Occupancy 100% This property consists of a 728 sf 1-story wood frame house, 3 mobile homes and 1 fema trailer. Income is approx. $27,000 per year. The residence pay all utilities and one tenant takes care of lawn maintenance. Park is 100% leased. The property is less than 2 miles from I45 on the East side and two blocks off of Hwy 3 in La Marque
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13 4411-4417 Fannin, Houston, TX 77004 Price $1,276,100 No. Units 2 6,082 SF Lot Size 12,761 SF $638,050 /Unit Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment Commission Split 4.50% This property is located in the Midtown & Museum District across the street from the METRORail Wheeler Station with access to both the Texas Medical Center and Downtown Houston. Currently being used as a 12- Room Boarding House with rooms rented individually. Location is good for fast food location with Jack in the Box next door. Located on 12,761 sq. ft. lot, Multi-Family units need renovations. Could be Medical Office, Law Practice or Professional Building. There are several New Residential & Commercial Developments nearby. This property is just minutes from 59 and HWY 288, Montrose, Downtown, Medical Center and the Museum District.
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14 3225 Hirschfield, Spring, TX 77373 Price $250,000 No. Units 4 4,272 SF Lot Size 9,500 SF $62,500 /Unit Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment Commission Split 3% Occupancy 100% No. Stories 2 Year Built 1984 Parking Ratio 2 / 1,000 SF Nice four plex located in Spring. Close to I-45, Spring, Exxon campus.easy ascess to Bush airport. Small complex no maintenance or assoc fee. All long term tenants. Rents are less then market. Good growth area between The Woodlands and Bush airport. Spring school district. Two properties available for $250,000 each. Preference cash buyers. Both buildings well maintained and fully occupied. Please email offer and proof of funds to get more details. Price is firm. Located in the Spring and North Houston area. Mins from The Woodlands and the Exxon Mobil Campus. Good central location.
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15 1204 Studewood, Houston, TX 77008 Price $399,900 No. Units 2 1,256 SF Lot Size 5,000 SF $199,950 /Unit Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment Commission Split 3% Cap Rate 5% Occupancy 100% make a appointment to see the unit interior. This Duplex has been freshly remoldeled, and update, wood floor, and new Kitchen counter tops. Rental included Ref, stove and new washer and Dryer. Window unit AC system. Fully leased, rental income $2400 per month for both units, Tenant pay all utilities. In the Norhill Neighborhood Association, Historic District, Corner lot of Studewood. West on 1-10 from Downtown. East on I-10 from 610 Loop. exit Studewood travel north past 11th street, corner at Temple St.
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16 3610 Dalstrom St, Houston, TX 77047 Price $120,000 2,500 SF Lot Size 18,900 SF Price/SF $48 /SF Retail Property Sub-type Restaurant Additional Sub-types (land) Residential (land) Garden/Low-Rise Property Use Type Investment Occupancy 0% Two buildings. One of which was a barbeque restaurant and the other house. 18,900sq. ft. +/- of land fenced with lots of parking. No equipment with restaurant. Dalstrom near Cullen north of Beltway 8
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17 1111 N. Thompson, Conroe, TX 77301 Price $285,000 No. Units 3 2,900 SF Lot Size 11,531 SF $95,000 /Unit Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment Cap Rate 8.50% Tax ID/APN 8840-00-01800 2/2 duplex and a 2/1 garage appt on 7 lots in the heart of Conroe. Excellent investment property. North Thompson just North of the Montgomery County Courthouse.
18 1504-1516 Carlisle, Rosenberg, TX 77471 Price $200,000 No. Units 4 3,250 SF Lot Size 16,875 SF $50,000 /Unit Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment Commission Split 3% Cap Rate 11% Occupancy 100% 4-2 bedroom units, 2-1bedroom units All rented. The 2 bedrooms rent for $485/month and the 3 bedroms rent for $385/month.. The property is located a coupls of blocks to hwy 36 and are located within easy access to hwy 59 South.
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19 2901 Ave F, Rosenberg, TX 77471 Price $200,000 No. Units 4 2,736 SF Lot Size 9,000 SF $50,000 /Unit Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment Commission Split 3% Cap Rate 12.80% 5-2 bedroom, 1 bath units. The units rent for $485/month,. When all rented and very good cap rent. Located in a residential area and is only a couple of blocks from the city's main drag.
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20 3419 ILLINOIS, Baytown, TX 77520 Price $124,900 No. Units 3 3,729 SF Lot Size 8,580 SF $41,633.33 /Unit Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment Commission Split 3% Occupancy 100% ATTENTION INVESTORS!!! PLEASE TRY TO GIVE 24 HOUR NOTICE FOR SHOWING TRIPLEX WITH 100% OCCUPANY! UNIT A IS A 2/3 BEDROOM AND RENT FOR 450/MO UNIT B IS A 1 BEDROOM AND RENTS FOR 350/MO UNIT C IS A 2 OR 3 BEDROOM AND RENTS FOR 350/MO PER OWNER TENANTS PAY FOR WATER, GAS ELECTRIC AND PROVIDE OWN HEAT SOURCE. 146 EXIT MISSOURI,LEFT ON MISSOURI TO OKLAHOMA GO RIGHT TO ILLNOIS, GO LEFT, SITS ON CORNER OF ILLINOIS AND NAVADA
21 613,615,617 N HIGHWAY 75, Willis, TX 77378 Price $369,000 No. Units 4 4,500 SF Lot Size 2.09 AC $92,250 /Unit Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment Cap Rate 9% 7 UNITS TOTAL ON 2 +/- ACRES. THERE IS RETAIL FRONTAGE BUILDINGS AND A 4 BDRM BRICK HOME WITH A WOOD FRAME HOME AND 3 MOBLIES ON THE PROPERTY ALL CURRENTLY LEASED. I-45 TO EXIT FM 1097 GO EAST TO HIGHWAY 75 THEN NORTH TO PROPERTY ON LEFT. DO NOT DISTURB TENANTS..SHOWINGS ACCOMPANIED ONLY!!!!
22 310 and 312 EAST POWELL STREET, Willis, TX 77378 Price $269,000 No. Units 4 4,000 SF Lot Size 1.36 AC $67,250 /Unit Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment Cap Rate 10.70% Occupancy 100% HARD CORNER TRACT WITH 4 WOOD FRAME HOMES ON 1.36 ACRES WITH ROOM FOR GROWTH. 100 PERCENT LEASED 75 TO RIGHT ON FM 2432 ALSO POWELL TO PROPERTY ON THE RIGHT....DO NO DISTURB TENANTS
23 2901 Albany, Houston, TX 77006 Price $550,000 No. Units 5 3,363 SF Lot Size 5,000 SF $110,000 /Unit Property Sub-type Garden/Low-Rise Property Use Type Investment Cap Rate 8% Occupancy 100% No. Stories 2 4-1/1 Apartments1 - Efficiency Apartment1,999 sq ft building and 1,663 sq ft building on a 5,000 sq ft lotcurrent Rents:Efficiency- $895 (310 sq ft)1/bed 1/bath- $900 (627 sq ft)1bed 1/bath- $1,000 (1062 sq ft)1/bed 1/bath- $995 (1036 sq ft)1/bed 1/bath- $950 (627 sq ft)gas and Electric separately meteredcoin Operated laundry available to tenantscosmetic updates recommended to increase monthly net as vacancies occur. No major repairs needed. Recommend power wash of siding, paint. All units have original hardwood floors.please DO NOT DISTURB THE TENANTS - OWNER IS NOT ON SITE - DRIVE BY ONLYAll units currently rented on a month to month basis. One tenant has been on the property for 25+ years, very sought after location with 100% occupancy. Sought after location in Montrose
24 801 Janisch Rd, Houston, TX 77018 Price $299,999 No. Units 2 17,840 SF $149,999.50 /Unit Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment Commission Split 3% Agent Remarks: Good investment lot for future projects. Home currently has licensed care home health care patients. Buy now and hold, collect rent from month to month tenant until ready for your project. Feel free to drive by, but if you need to see inside, please call agent so we can set up viewing. Pictures are from 2 years ago, yard not as nice as it was previously. Dir: From 610 take N. Shepherd north past 43rd street, take a left on Janisch, property on your right. No sign in yard. Physical - Public: Excellent Double Lot just blocks away from OakForest/Garden Oaks. Buy and hold for later, tenant is in place. Great LOT investment for future /Condominiums/townhomes or a great renovations project. Second small house in back with with 2 bedrooms and bath, but is being used for storage now. Front and back of lot are 80 ft wide, length is 224 ft both sides, lot is 17840 sq ft total. Up and coming area close to Oak Forest and Garden Oaks. Very accessible to I-45, Beltway 8, 610 loop, and Downtown Houston
25 3318 Mt Vernon, Houston, TX 77006 Price $1,575,000 No. Units 3 5,098 SF Lot Size 7,300 SF $525,000 /Unit Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment Cap Rate 4% This Signature Montrose property comprised of 3 separate addresses1202 Hawthorne is a traditional 4-5 room/3 bath 2 story house with many reception rooms. Tall grand ceilings, wood floors, natural lights from skylights, formal staircase, Central A/C, Eat-in-kitchen or break room, 2 car attached garage and ample street parking, and gated entrance and courtyard,1202 Hawthorne is a modern style 3 room/3 bath unit with a great room overlooking an internal courtyard, lots of deflected skylight, finished concrete floors and wood floors in the one room upstairs, central A/C, and 4 dedicated off-street spaces,3318 Mt Vernon is a French Contemporary 2 room/1.5 bath unit with tall ceilings, French Doors, and Parquet floors, with attached 2 car garage. Amazing sought after location in Montrose just southwest of the Westheimer and Montrose Blvd intersection. Near a multitude of restaurants and bars, and on the Westheimer and Montrose Blvd bus routes.
26 5821 Dolores St., Houston, TX 77057 Price $679,900 No. Units 2 2,881 SF Lot Size 12,078 SF $339,950 /Unit Property Sub-type Duplex/Triplex/Fourplex Additional Sub-types Assisted Living Residences Property Use Type Investment Cap Rate 7% Great investment/development opportunity in the heart of the Galleria. Duplex, each unit consists of 3BR/2Baths/2 car garage. Live in one and rent the second or rent both and build later. Sold AS IS for lot value. Priced below HCAD appraisal. No restrictions. From Westheimer road, go south on Chimney Rock towards Richmond Ave. turn right on Dolores St. The property will be located on the left side of the street about half block after crossing Bering Dr.
27 2114 California St., Dickinson, TX 77539 Price $249,000 No. Units 3 2,850 SF Lot Size 0.64 AC $83,000 /Unit Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment Commission Split 6% Cap Rate 10% Gross Rent Multiplier 10 Occupancy 100% Features Water Tax ID/APN 5320-0168-0013-001 Tri-Plex on Unrestricted.64 LOT - NO H.O.A! *GOLD MINE* Potential!!! Exterior walls are made of brick and stone. 6 BEDROOM 4 BATH TOTAL!! Main home has 5 bedrooms, 3 baths with Detached 1 bed, 1 bath guest quarters. Ceramic tile throughout, Crown molding, beautiful decor. Stone patio courtyard for entertaining guests. Huge, unrestricted, corner lot. No HOA. Ideal for potential commercial location also! Call for more details today. House by itself = 219k Land for30k or both for 239k and save 10k. I-45 S to Hwy 646. Make Left to Dickinson Ave (FM 1266) make Right. Make Left on E 21st. Right on California, Home on Right.
28 2019 Dowling St., Houston, TX 77003 Price $1,750,000 No. Units 4 7,384 SF Lot Size 5,000 SF $437,500 /Unit Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment Commission Split 3% Occupancy 0% Lot Value only. This property is selling along with 2026 Saint Charles St. Both lots are back up to each other. Location, Location, Location!! Great location!! Accross the street from the old Drexler's BBQ; Lots 1 & 2 along with TR 6 & 12a & 12b Blk 408 SSBB are selling together.
29 225 Everton St, Houston, TX 77003 Price $239,900 No. Units 4 1,976 SF $59,975 /Unit Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment Cap Rate 6% Four Plex, 2 stories 225 EVERTON ST # 4HOUSTON TX 77003
30 639 east saint charles, Crosby, TX 77532 No Photo Provided Price $175,000 No. Units 2 4,550 SF Lot Size 0.25 AC $87,500 /Unit Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment Commission Split 2% Cap Rate 12% Occupancy 100% fully occupied duxplex 4 bed 2 bath 1116.00 a month 2 bed 1 bath 650.00 a month. CASH COW!! KNOCK KNOCK ONLY KNOCKS ONCE... HURRY CLOSE TO SCHOOLS BUS ROUTE FOR KIDS.PARKS INSIDE SAME COMMUNITY.
31 7118 Oakwood Glen Bldg 1, Spring, TX 77379 Price $275,000 No. Units 4 4,260 SF Lot Size 4,260 SF $68,750 /Unit Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment Commission Split 6% Cap Rate 4% Occupancy 100% 2 3 bedrooms and 2 2 bedrooms with washer/dryer connections. All occupied with long term tenants. HOA of $350 for the building covers outside lighting, landscaping, water and trash. Highly desirable Champions/Klein area close to Klein High.
32 834 Hill Rd, Houston, TX 77037 Price $1,475,000 No. Units 4 11,501 SF Lot Size 432,115 SF $368,750 /Unit Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment Commission Split 3% Occupancy 100% No. Stories 1 Year Built 2012 Tax ID/APN 0552290000053 This Property is currently being used as a Used auto parts dealer but seller is not selling the business part. He is relocating it to a different place.the New home was built in 2012 and it cost over 400k to built. The other homes are being rented at 800 a monthfive Single-Family Residences.except 1. 3 of them Property can be residential or commercial, no restrictions. This property cannot continue operating as a used auto part due to Harris county restrictions. Located on Hill Road between Hardy Toll Rd and Airline Dr.
33 2315 P, Galveston, TX 77550 Price $219,500 No. Units 4 2,985 SF Lot Size 6,955 SF $54,875 /Unit Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment From Seawall Blvd, take 24th St North to Ave P (Bernardo de Galvez); turn right, property will be on your right. TWO BLOCKS FROM SEAWALL! Unique home features 4 units. Main unit: a spacious 2/2, with kitchen island, appliances, sunken den, formal dining area. Second unit is a 1/1 adjacent to main unit and features new flooring, large kitchen and can be converted into a 2BR. Original garage has been converted into two apartments. These two garage apartments are each 1/1 with new carpet and plenty of storage. All units share a common landscaped backyard and covered patio. Many possibilities, live in main home; mother-in-law quarters; rental income.
34 448 W 28th, Houston, TX 77009 Price $599,000 No. Units 2 1,962 SF Lot Size 6,550 SF $299,500 /Unit Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment Commission Split 2.50% Cap Rate 6% Occupancy 100% This is a corner lot in the hot Houston Heights, located across the street from Starbucks. Large enough to demo and rebuild 4 homes or keep the existing and 2 homes on existing vacant land. PRIME LOCATION 1 BLOCK FROM 610 AND 2 BLOCKS FROM SHEPARD West 28th and 610
35 28140 Nichols Sawmill, Magnolia, TX 77355 Price $425,000 No. Units 4 3,556 SF Lot Size 1.30 AC $106,250 /Unit Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment Commission Split 3% Occupancy 100% Tax ID/APN 00850000410 4-Plex on 1.3 private acres off heavily travelled Nichols Sawmill. Great investment property. Built in 2005 c-board construction. 2 Story. Access will be via easement. 4 Plex consists of 3556 SF per Seller: two 2BR/2BA units and 2 Efficiency units (100% leased).adjacent single family property containing 2 story approx. 1382 sf (per Seller), 2BR/1Ba Single Family unit also for sale (also leased)for additional $165,000 for total $590,000 for both. Rear propery off Nichols Sawmill Rd. From Magnolia go south on Nichols Sawmill, approx. 3.5 miles. Property on left,.just past Mink Lake subdivision. SHOWING BY APPOINTMENT ONLY!