6802 Avenue F - Multi-Family FOR SALE


Houston, TX 77011- Magnolia Park
$550,000 USD
713-924-9100
6802 Avenue F, Houston, TX for Sale
$550,000 USD
Multi-Family - FOR SALE
1/18
null | 12.95% Cap Rate

6802 Avenue F
Houston, TX 77011
Magnolia Park


HIGHLIGHTS

  • This offering consists of a 7-unit rental opportunity: five apartment units, one retail local barber shop, and one other commercial retail building.
  • The Magnolia Park neighborhood of Houston is a close-knit community with a rich local history.
  • This multi-stream-income opportunity annually generates $89,700 and costs $18,500.
  • New roofs have recently been installed on each of the three buildings.
  • The owner pays all utilities except for the barbershop.

OVERVIEW

Right on the corner of Wayside Drive and Avenue F, this income-producing asset presents an investor to oversee seven total rental units on one parcel. Five of the units are apartments; one is a barber shop, and the other is a general commercial retail space. The five living units are all one-bedroom/ one-bath and four have a kitchen. The properties are easily accessible, have driveways and street parking, and are highly visible at the corner of the Wayside Drive and Avenue F intersection.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$165 USD /SF

# OF UNITS

7

PRICE/UNIT

$78,571

CAP RATE

12.95%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,980 SF

ZONING

-

APN/PARCEL ID

0390250000025

ASK ABOUT THIS PROPERTY

Carlos Garcia IICarlos Garcia RealtyMore Info
713-924-9100

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Carlos Garcia IICarlos Garcia RealtyMore Info
713-924-9100

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