5331 Bell St - Apartments FOR SALE


Houston, TX 77023- Eastwood
$797,000 USD
713-875-7297
5331 Bell St, Houston, TX for Sale
$797,000 USD
Apartments - FOR SALE
1/22
null | 6.4% Cap Rate

5331 Bell St
Houston, TX 77023
Eastwood


OVERVIEW

Rarely does a multi-family property with such desirable updates, off-street parking, on-site laundry and so ideally situated come on the market in the vibrant East End. With tenants in place, your revenue is set to generate. Update highlights since 2020 include - refinished hardwoods, Kitchens: granite countertops, and appliances. Kitchens & Bathrooms: flooring, plumbing fixtures, cabinets. Plumbing: tankless water heaters, PEX plumbing + PVC. 7-Plex: electrical lines + gas & electric meters, double-paned windows, paint interior & exterior, insulation in attic and walls, 2 units have mini-splits. Easy access to rail lines, downtown, and freeways. Close to multiple universities. 6 of the seven units are studio apartments. Unit #1 is a 1-bedroom 1 bath. Fantastic investment opportunity. This 7-plex is ideal for the investor interested in this exciting & growing East End Revitalized Area. Units have been 98% occupied and typically leased quickly. Current tenants either pay directly or are billed back for all utilities. Financing: Cash or DSCR preferred.

FOR SALE DETAILS

PRICE

$797,000 USD

PRICE/SF

$241 USD /SF

# OF UNITS

7

PRICE/UNIT

$113,857

CAP RATE

6.4%

% LEASED

14%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Plex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

-

APN/PARCEL ID

0121290030020

ASK ABOUT THIS PROPERTY

Rhonda PowerCB&A RealtorsMore Info
713-875-7297

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Rhonda PowerCB&A RealtorsMore Info
713-875-7297

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.