$349,900
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2 Beds
1 Bath
2,483 SqFt
SOLD DATE : 03/30/2022
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,483 sqft
Price per Sqft $133
Subdivision Bradley White Oak Blk 1 2
MLS Listing ID 93946191
Sold Date 03/30/22
Bedrooms 2
Full Baths 1
Year Built 1935
Lot Size 5,250 Sqft
Property Description
Add this 4-plex to your rental portfolio! The home is a 2 bed / 1 bath with three 1 bed / 1 bath garage apartments. The house rents for $1,100 and the garage units are $750, $750, $725 - for a combined $3,325 gross rent. Tenants are currently on month-to-month leases. The house and garage have separate electric meters. The house tenant pays electric and owner pays electric for garage units plus all water & gas, about $575/mo. There is opportunity to bill back utility costs to the tenants to increase cash flow and bring projected IRR to over 15%. Or set it up as a short-term rental for even more revenue. Total sqft is estimated with each apartment about 400sqft. Update: two garage units became available in February and are pending make-ready for leasing.
Location
State TX
County Harris
Area Northside
Interior
Heating Central Gas
Cooling Central Electric
Flooring Carpet, Tile, Wood
Exterior
Utilities Available Electric, Gas, Water
Roof Type Aluminum
Building
Story 1
Structure Type Brick,Cement Board
New Construction No
Schools
Elementary Schools Jefferson Elementary School (Houston)
Middle Schools Marshall Middle School (Houston)
High Schools Northside High School
School District 27 - Houston
Others
Senior Community No
Restrictions Deed Restrictions
Tax ID 057-142-000-0008
Energy Description Ceiling Fans
Acceptable Financing Cash Sale, Conventional, Investor
Disclosures Sellers Disclosure
Listing Terms Cash Sale, Conventional, Investor
Financing Cash Sale,Conventional,Investor
Special Listing Condition Sellers Disclosure
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