$2,050,000
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2 Beds
2 Baths
9,520 SqFt
SOLD DATE : 03/01/2023
Key Details
Property Type Multi-Family
Sub Type 5 Plus
Listing Status Sold
Purchase Type For Sale
Square Footage 9,520 sqft
Price per Sqft $204
Subdivision New Berry Road Reserve A
MLS Listing ID 34266885
Sold Date 03/01/23
Bedrooms 2
Full Baths 2
Year Built 2021
Annual Tax Amount $23,750
Tax Year 2022
Lot Size 0.380 Acres
Property Description
No HOA, Opportunity zone. not in flood zone. Modern finishes..Low maintenance new construction one building 12 units. Recent Appraisal Report value at 2.25 mil. FULLY OCCUPIED. Individual metered. Current NOI is 109,853 . Rent are scheduled to increase by at least 15 percent(still below market rent), Projected NOI for year 2023,2024 is 141,161. There are 8 unit of 2 bed rooms, 2 baths. All units with high end finishes comes with appliances, including washer and dryer. High ceilings, select units with vinyl wood-look floors and select units with wood-look tile floors. Tankless water heater, Metal Roof, 7 foot iron gate with remote access. Parking is well lit with 20 parking spaces. Certificate of occupancy and survey is uploaded
Individually Metered. Very easy to rent since property is already modernized. Located 8 minutes from Downtown
Location
State TX
County Harris
Area Northside
Interior
Heating Central Electric
Cooling Central Electric
Flooring Tile, Vinyl
Exterior
Utilities Available Cable, Electric, Water
Roof Type Other
Accessibility Automatic Gate
Parking Type Automatic Driveway Gate
Building
Lot Description Corner
Story 2
Unit Features Fenced Area
Structure Type Brick,Cement Board
New Construction No
Schools
Elementary Schools Berry Elementary School (Houston)
Middle Schools Patrick Henry Middle School
High Schools Kashmere High School
School District 27 - Houston
Others
Restrictions None
Tax ID 138-295-001-0001
Energy Description Attic Fan,Attic Vents,Ceiling Fans,Digital Program Thermostat,Energy Star Appliances
Acceptable Financing Investor
Tax Rate 2.3307
Disclosures Real Estate Owned, Tenant Occupied
Listing Terms Investor
Financing Investor
Special Listing Condition Real Estate Owned, Tenant Occupied
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