The Contempo is a two-story apartment community located in the U of H/ I-45 South submarket of Houston, Texas. It was built in 1935 and 1965 and, per HCAD, extensively remodeled in 2016 and 2019. The Contempo is perfect for young professionals or students who want to live close to work and school. It’s just a short drive to the University of Houston, Texas Southern University, Rice University, Downtown, Midtown, Eado, and the Medical Center, and right around the corner are the best restaurants and bars in Houston. The property has reportedly been extensively rehabbed to the studs, including landscaping, new appliances, flooring, roofs, a/c's, etc. The asset appears to be very clean. The property is located in the 77004 zip code, and the area is known as Third Ward. Property values are appreciating nicely here. Important to note: all units are master leased to Airbnb. According to the owner, Airbnb does not cover any building-related coverage, although it does have its own insurance coverage. Tenants pay for electricity.